Bogangar, 2488 ranked 298th in NSW when comparing growth in median property values or capital gain over the last 12 months. Bogangar is one of 3163 in our list for NSW
Over the longer term, Bogangar has seen property prices show investors a 35.75% return over the last 3 years. This is worse than over the last 12 months
With the median price for a house in Bogangar being $750000 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 3.74%
NSW has seen average median house prices change by -3.67% which means that Bogangar, 2488 has not done well for property investors by showing a capital gain of -18.01% over the last year
Across a shorter period, Bogangar, 2488 has seen a median price increase of -10.30% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Bogangar is offering property investors an average of -6.79. This rate of discount on properties puts Suburb at number 318th in terms of most discounted suburbs in NSW
At number 850 in a list of fastest selling suburbs, Bogangar is in the bottom 40% of suburbs in Australia with an average of days on market 84.1765 for properties listed there.
With the median price for a house in Bogangar being $448500 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 6.38%
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.