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Bingara
AREA REPORTS

Bingara

Bingara - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2404

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BINGARA, 2404 ranks 820th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.75% for property investors.

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $230,000.

The downward trend in home prices in BINGARA, 2404 averaged -0.85% per annum over a 3-year period.

Average weekly rents on listings have reached the $260 mark, reflecting a 5.88% increase in returns based on the current median price in BINGARA.

An average of 3 real estate transactions take place per month in BINGARA which translates to 36 per annum.

36 properties were sold in BINGARA in 2016, making it the 587th most active market in NSW based on total real estate transactions.

BINGARA, 2404 places 485th in Australia based on median property value growth during the quarter.

Data report can be found below

Bingara
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $230,000 N/A
GROWTH REPORT
Median Quarterly 4.55% N/A
Median 12 month 16.75% N/A
Median 3 years -2.54% N/A
Median 5 years 48.39% N/A
10 years average annual 7.6% N/A
Weekly media advert. rent $260 N/A
Time on Market 138.8 days N/A
Gross Rental Yield Percent 5.88% N/A
demographics (median values)*
Total Population
1838
Weekly Household Income
795
Household Size
2.10
Age
54
Monthly Loan Repayment
1049
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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