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Bangor
AREA REPORTS

Bangor

Bangor - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2234

house
unit

Property investors have seen a 10.47% gain in BANGOR based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on BANGOR, 2234 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 16.67%.

Based on its average 5-year and quarterly capital gains BANGOR, 2234 saw average growth in the long term.

The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,263,000

Profits averaged 2.96% per annum over a 3-year period, due to an upward trend in home prices in BANGOR, 2234.

This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

The gross rental yield in BANGOR, 2234 is 3.09%.

An average of 5.42 real estate transactions take place per month in BANGOR which translates to 65 per annum.

Data report can be found below

Bangor
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,263,000 $847,500
GROWTH REPORT
Median Quarterly 10.47% 0.89%
Median 12 month 16.67% -1.45%
Median 3 years 8.88% -3.42%
Median 5 years 28.52% 14.53%
10 years average annual 6.55% 6.02%
Weekly media advert. rent $750 N/A
Time on Market 39.1 days 33.0 days
Gross Rental Yield Percent 3.09% N/A
demographics (median values)*
Total Population
30580
Weekly Household Income
2400
Household Size
3.20
Age
40
Monthly Loan Repayment
2383
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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