Bingara

POSTAL CODE: NSW, 2404

HOUSE

BINGARA, 2404 ranks 273rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 25% 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 $400,000.

The upward trend in home prices in BINGARA, 2404 averaged 15.15% per annum over a 3-year period.

Average weekly rents on listings have reached the $350 mark, reflecting a 4.55% increase in returns based on the current median price in BINGARA.

An average of 3.75 real estate transactions take place per month in BINGARA which translates to 45 per annum.

45 properties were sold in BINGARA in 2016, making it the 446th most active market in NSW based on total real estate transactions.

BINGARA, 2404 places 204th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$400,000	N/A
Growth Report
Median Quarterly	5.96%	N/A
Median 12 month	25%	N/A
Median 3 years	45.45%	N/A
Median 5 years	77.78%	N/A
10 years average annual	10.6%	N/A
Weekly media advert. rent	$350	N/A
Time on Market	84.9 days	N/A
Gross Rental Yield Percent	4.55%	N/A

Demographics (Median Values)*

Total Population 1838

Weekly Household Income 795

Household Size 2.10

Average 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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