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Bega
AREA REPORTS

Bega

Bega - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2550

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BEGA, 2550 ranks 802nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 24.32% 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 $460,000.

The upward trend in home prices in BEGA, 2550 averaged 7.56% per annum over a 3-year period.

Average weekly rents on listings have reached the $435 mark, reflecting a 4.92% increase in returns based on the current median price in BEGA.

An average of 11.58 real estate transactions take place per month in BEGA which translates to 139 per annum.

139 properties were sold in BEGA in 2016, making it the 1264th most active market in NSW based on total real estate transactions.

BEGA, 2550 places 674th in Australia based on median property value growth during the quarter.

Data report can be found below

Bega
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $460,000 N/A
GROWTH REPORT
Median Quarterly 5.5% N/A
Median 12 month 24.32% N/A
Median 3 years 22.67% N/A
Median 5 years 53.85% N/A
10 years average annual 5.96% N/A
Weekly media advert. rent $435 N/A
Time on Market 90.7 days N/A
Gross Rental Yield Percent 4.92% N/A
demographics (median values)*
Total Population
15858
Weekly Household Income
1018
Household Size
2.30
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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