Old Bar

POSTAL CODE: NSW, 2430

HOUSE

UNIT

Property investors have seen a 3.59% gain in OLD BAR based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains OLD BAR, 2430 saw average growth in the long term.

The NSW 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 $828,750

Profits averaged 2.33% per annum over a 3-year period, due to an upward trend in home prices in OLD BAR, 2430.

This means, real estate investors could earn a rental income of $645 based on current median home prices for the suburb.

The gross rental yield in OLD BAR, 2430 is 4.05%.

An average of 10.08 real estate transactions take place per month in OLD BAR which translates to 121 per annum.

Property investments in OLD BAR did not fare well against the rest of the country last year, registering a median home price decrease of 5.09%.

Figures from the previous quarter show that capital gains for real estate buyers in OLD BAR are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains OLD BAR, 2430 saw average growth in the long term.

This means, real estate investors could earn a rental income of $510 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In OLD BAR, homes and units usually stay on listing for an average of 60.1 days.

the NSW 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 $567,500

Investors saw the median home price rise to $567,500.

OLD BAR ranks 174th on the list of best yielding suburbs for rental properties in NSW, posting a 4.67% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$828,750	$567,500
Growth Report
Median Quarterly	3.59%	4.13%
Median 12 month	8.19%	5.09%
Median 3 years	7.42%	3.65%
Median 5 years	54.91%	40.12%
10 years average annual	8.57%	8.7%
Weekly media advert. rent	$645	$510
Time on Market	64.7 days	60.1 days
Gross Rental Yield Percent	4.05%	4.67%

Demographics (Median Values)*

Total Population 34018

Weekly Household Income 913

Household Size 2.30

Average Age 48

Monthly Loan Repayment 1309

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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