Investment property in Bathurst has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.94%
Across a shorter period, Bathurst, 2795 has seen a median price increase of 0.22% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Bathurst itself are offering an average vendor discount of -5.40% to real estate investors.
With the median price for a house in Bathurst being $348250 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.93%
Bathurst has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.64% to date .
Over the longer term, Bathurst has seen property prices show investors a 18.75% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Bathurst is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 283th in terms of most discounted suburbs in NSW
A $270 per week rent on the median house gives suburb investors a gross yield of circa 4.93%, without taking into account capital value appreciation, which has been averaging out at 4.73%.
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.