NSW has seen average median house prices change by 6.38% which means that Bathurst, 2795 has done well for property investors by showing a capital gain of 1.29% over the last year
Bathurst,2795 was ranked 1615 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Bathurst are currently offering property investors an average price cut of -5.03% below the asking price at the moment.
Situated 159.47km from the CBD, Bathurst is one of Bathurst Regional localities in the postcode 2795.
At number 792th in the list of Australian suburbs ordered by increase in median house value over the last year, Bathurst, 2795 is in the top half with a property value increase of 3.64% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bathurst has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Bathurst are currently offering property investors an average price cut of -3.76% below the asking price at the moment.
Advertised rents are around the $260 mark per week – giving a return of 4.74% based on the median price in Suburb
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.