Bega

POSTAL CODE: NSW, 2550

HOUSE

UNIT

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 $620,000.

The upward trend in home prices in BEGA, 2550 averaged 1.11% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 4.61% increase in returns based on the current median price in BEGA.

An average of 8.83 real estate transactions take place per month in BEGA which translates to 106 per annum.

106 properties were sold in BEGA in 2016, making it the 1418th most active market in NSW based on total real estate transactions.

BEGA, 2550 places 999th in Australia based on median property value growth during the quarter.

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 $421,250.

Investors saw the median home price rise to $421,250.

The upward trend in home prices in BEGA, 2550 averaged 0% per annum over a 3-year period.

BEGA now ranks at the th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $435 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 BEGA, homes and units usually stay on listing for an average of N/A.

10 properties were sold in BEGA in 2016, making it the 648th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$620,000	$421,250
Growth Report
Median Quarterly	-0.4%	0%
Median 12 month	-1.59%	0%
Median 3 years	3.33%	0%
Median 5 years	56.96%	0%
10 years average annual	7.75%	0%
Weekly media advert. rent	$550	$435
Time on Market	123.3 days	N/A
Gross Rental Yield Percent	4.61%	5.37%

Demographics (Median Values)*

Total Population 15858

Weekly Household Income 1018

Household Size 2.30

Average Age 48

Monthly Loan Repayment 1300

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

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