Over the last year, property investments in Bathurst, 2795 have given investors a capital gain of 2.43%. This compares badly with the 8.99% for NSW as a whole.
If we look at median property appreciation over just the last three months, Bathurst has given property investors a paper return of 0.22%. This puts Suburb as 814 on a list of fastest fasting appreciating suburbs in NSW
Bathurst2795 is located in NSW which offers an average discount of -5.52% to property investors. Bathurst itself is showing figures that indicate -5.61% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Bathurst have been waiting around 103.84 days to sell a property.
Advertised rents are around the $320 mark per week – giving a return of 4.78% based on the median price in Suburb
At number 221th in the list of Australian suburbs ordered by increase in median house value over the last year, Bathurst, 2795 is in the top 20% with a property value increase of 15.85% recorded in median house prices.
While Bathurst,2795 ranked number 231th in NSW for increase in median house value (annualised) increase, it is ranked 355th over the last 5 years.
Property investors looking for a bargain in Bathurst should be aiming for at least -3.56% off the asking price, which is the average vendor discount being achieved at the moment.
At number 715 in a list of fastest selling suburbs, Bathurst is just in the top half of suburbs in Australia with an average of days on market 71.93 for properties listed there.
The NSW suburb of Bathurst, 2795 is in the Bathurst Regional local government area.
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.