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:
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.