At number 942th in the list of Australian suburbs ordered by increase in median house value over the last year, Bogangar, 2488 is in the top 30% with a property value increase of 9.29% recorded in median house prices.
Bogangar,2488 has offered an average of 9.29% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Bogangar should be aiming for at least -6.18% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $540 mark per week – giving a return of 3.74% based on the median price in Suburb
Bogangar is in the TOP 10% in NSW when comparing median price capital growth over the last year. Bogangar gave property investors a very good capital gain figure when compared to the rest of the state, with 46.89%.
The five-year average increase in median property values for Bogangar,2488 has given property investors a potential capital gain of 87.74% across each of those five years.
Property buyers and investors in Bogangar 2488 should be seeing an average reduction in asking price of around -3.74% . This means that Bogangar is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $535 and the average annual increase in value of a median property of 5.70%, investors should hope to achieve an overall return of 5.12%
A suburb in NSW’s Tweed Heads district, Bogangar adjoins local tourist destination Cabarita Beach, which is popular with swimmers and surfersFull summary
Information supplied by:
Median unit price: $505,000
Three-year growth: 46.4%
Rental yield: 4.6%
A suburb in NSW’s Tweed Heads district, Bogangar adjoins local tourist destination Cabarita Beach, which is popular with swimmers and surfers.
The moniker was taken from “bobingah,” a Bandjalang-Yugambeh dialect translating to “highland.” Bogangar is bordered by a reserve, and has a peaceful atmosphere. While amenities are limited, the influx of development has brought more infrastructures, such as Woolworths Cabarita. There’s also a public school in the suburb.
Bogangar has seen a strong influx of demand, with immense, double-digit price growth observed since 2013 – a run that does not seem to be running out of steam any time soon. Units are selling very quickly in just a little over a month, indicating stiff competition. The rental market is also chugging along, with reasonably high rental yields off rent rates less than $500 a week.Close