If you compare the increase in value of investment property in Bathurst, 2795 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.60%.
Taking the average capital gain, or increase in median house value, Bathurst,2795 has racked up an average of 3.60% over the period. This ranks it number 2352th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Bathurst are currently offering property investors an average price cut of -4.76% below the asking price at the moment.
At number 1982 in a list of fastest selling suburbs, Bathurst is just in the bottom half of suburbs in Australia with an average of days on market 83.86 for properties listed there.
Bathurst, 2795’s gross rental yield is 4.62%
At number 798th 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.
While Bathurst,2795 ranked number 379th in NSW for increase in median house value (annualised) increase, it is ranked 383th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Bathurst itself are offering an average vendor discount of -3.44% to real estate investors.
Renters in Suburb are facing rents around $3120 per annum or $260 every week.
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.