Bathurst, 2795 ranked 969th in NSW when comparing growth in median property values or capital gain over the last 12 months. Bathurst is one of 3163 in our list for NSW
Bathurst,2795 has offered an average of 5.04% return per annum in house price rises to property investors over the last three years.
Bathurst, 2795 is offering NSW ‘s 598th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
On average over the past year, suburb has had 12.92 sales per month, which equates to 155 per year.
Bathurst has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.00% to date .
The five-year average increase in median property values for Bathurst,2795 has given property investors a potential capital gain of 32.56% across each of those five years.
Property investors looking for a bargain in Bathurst should be aiming for at least -3.75% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 80 properties changed hands in Bathurst, which puts it as the 196th most active market in NSW when comparing the number of sales per suburb.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 4.74%, without taking into account capital value appreciation, which has been averaging out at 4.78%.
Bathurst could soon be known for more than just car races, with the central New South Wales township showing some signs of life.Full summary
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Bathurst could soon be known for more than just car races, with the central New South Wales township showing some signs of life.Close
Median house prices in the town, which has a population of around 6,600, are sitting at $345,000, after growing by 19% over the past three years.
Rental yields are also sitting at a respectable level, with investors receiving 5% returns.
While it may be most well-known for Mount Panorama and the Bathurst 1000, there are other things outside that one day of the year that could make
Bathurst an attractive investment location. The growing Charles Sturt University is on the town’s perimeter, while the town is serviced by both public and private hospitals.
There are also numerous public and private schooling options in the town.
Bathurst is also just a short drive from Orange and the region is becoming a popular tourist destination due to its wineries and historical buildings.