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AREA REPORTS

Old Bar

Old Bar - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2430

house
unit

Property investors have seen a 8.38% gain in OLD BAR based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on OLD BAR, 2430 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 16.84%.

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 $569,000

Profits averaged 7.9% 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 $450 based on current median home prices for the suburb.

The gross rental yield in OLD BAR, 2430 is 4.11%.

An average of 10.58 real estate transactions take place per month in OLD BAR which translates to 127 per annum.

Data report can be found below

Old Bar
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $569,000 $405,000
GROWTH REPORT
Median Quarterly 8.38% 0.87%
Median 12 month 16.84% 14.08%
Median 3 years 23.7% 15.71%
Median 5 years 47.6% 57.59%
10 years average annual 6% 5.02%
Weekly media advert. rent $450 $330
Time on Market 64.3 days 38.4 days
Gross Rental Yield Percent 4.11% 4.24%
demographics (median values)*
Total Population
34018
Weekly Household Income
913
Household Size
2.30
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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