Suburb Profile Report for Bogangar NSW (2488)

Bogangar House: Median price $750,000, Annual capital growth 4.68%, Number of sales 40, Weekly median advertised rent $540

Bogangar Unit: Median price $543,500, Annual capital growth 5.70%, Number of sales 36, Weekly median advertised rent $535

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

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%

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December 2018

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A suburb in NSW’s Tweed Heads district, Bogangar adjoins local tourist destination Cabarita Beach, which is popular with swimmers and surfersFull summary

Thriving market

Postcode: 2488

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
Metrics i HOUSE UNIT
$750,000 $543,500
3.45% -0.64%
9.29% 46.89%
4.68% 5.70%
$540 $535
40 36
3.74% 5.12%
34 38.62

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3099
Median household income ($/weekly) 965
Median age of persons 39
Median housing loan repayment ($/monthly) 1680
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 468 15.1
    25-34 years 272 8.8
    35-44 years 490 15.8
    45-54 years 566 18.3
    55-64 years 362 11.7
    Others 942 30.4
    Age Group
    Census Count Percent(%)
    Registered Married 996 44.5
    Not Married 963 43.0
    Defacto Relationship 279 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2569 86.6
    Papua New Guinea 90 3.0
    United Kingdom 172 5.8
    United States of America 12 0.4
    Other 44 1.5
    Others 79 2.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1868 66.0
    No Religion 884 31.2
    Buddhism 52 1.8
    Other Religious Groups 25 0.9
    Hinduism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 142 13.3
    $600-$799 139 13.0
    $800-$999 110 10.3
    $1,000-$1,249 100 9.4
    $1,500-$1,999 137 12.8
    Others 440 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 818 35.0
    Employed, worked full-time 734 31.4
    Employed, worked part-time 582 24.9
    Unemployed, looking for work 121 5.2
    Employed, away from work 83 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 255 18.3
    Technicians & trades workers 235 16.8
    Community & personal service workers 200 14.3
    Clerical & administrative workers 160 11.5
    Labourers 181 13.0
    Others 365 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 58 7.4
    Infants/Primary 273 34.7
    Secondary 266 33.8
    Technical or Further Educational Institution 88 11.2
    University or other Tertiary Institutions 83 10.6
    Others 18 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2039 69.0
    Semi-detached, row or terrace house, townhouse 708 24.0
    Flat, unit or apartment 195 6.6
    Caravan, cabin, houseboat 11 0.4
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 475 40.3
    Being purchased 411 34.8
    Fully owned 291 24.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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