AREA REPORTS

Bega

Suburb Profile

Bega - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2550

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BEGA, 2550 ranks 886th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 11.48% 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 $373,750.

The upward trend in home prices in BEGA, 2550 averaged 8.19% per annum over a 3-year period.

Average weekly rents on listings have reached the $350 mark, reflecting a 4.87% increase in returns based on the current median price in BEGA.

An average of 8.58 real estate transactions take place per month in BEGA which translates to 103 per annum.

103 properties were sold in BEGA in 2016, making it the 1429th most active market in NSW based on total real estate transactions.

BEGA, 2550 places 201st in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $373,750 $255,000
GROWTH REPORT
Median Quarterly 4.55% N/A
Median 12 month 11.48% N/A
Median 3 years 24.58% N/A
Median 5 years 40.77% N/A
10 years average annual 5.99% N/A
Weekly media advert. rent $350 N/A
Time on Market 103.8 days 0.0 days
Gross Rental Yield Percent 4.87% N/A
demographics (median values)
Total Population
4535
Weekly Household Income
635.5
Household Size
2.40
demographics
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