Suburb Profile Report for Bogangar NSW (2488)

Bogangar House: Median price $742,500, Annual capital growth 4.60%, Number of sales 30, Weekly median advertised rent $525

Bogangar Unit: Median price $445,000, Annual capital growth 4.85%, Number of sales 30, Weekly median advertised rent $450

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Over the last year, property investments in Bogangar, 2488 have given investors a capital gain of 2.41%. This compares favourably with the -4.21% for NSW as a whole.

The five-year average increase in median property values for Bogangar,2488 has given property investors a potential capital gain of 46.31% across each of those five years.

At number 914 in a list of fastest selling suburbs, Bogangar is in the TOP 30% of suburbs in Australia with an average of days on market 62.2222 for properties listed there.

Bogangar is in the bottom 10% in NSW when comparing median price capital growth over the last year. Bogangar gave property investors a dismal capital gain figure when compared to the rest of the state, with -18.65%.

Bogangar,2488 was ranked 921 in Australia by increase in median property value over the quarter.

The most recent median price for Bogangar is $445000, with sellers offering an average of -2.60% off the asking price.

Renters in Suburb are facing rents around $23400 per annum or $450 every week.

Information supplied by:


December 2018

M
O

W
E

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.

Metrics i HOUSE UNIT
$742,500 $445,000
-1.00% -1.11%
2.41% -18.65%
4.60% 4.85%
$525 $450
30 30
3.68% 5.26%
62.2222222222222 75.9375

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very 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
Chart Table