Bargo

POSTAL CODE: NSW, 2574

HOUSE

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 $1,060,000.

The upward trend in home prices in BARGO, 2574 averaged 1.75% per annum over a 3-year period.

Average weekly rents on listings have reached the $595 mark, reflecting a 2.92% increase in returns based on the current median price in BARGO.

An average of 6.25 real estate transactions take place per month in BARGO which translates to 75 per annum.

75 properties were sold in BARGO in 2016, making it the 149th most active market in NSW based on total real estate transactions.

BARGO, 2574 places 233rd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,060,000	N/A
Growth Report
Median Quarterly	5.47%	N/A
Median 12 month	3.41%	N/A
Median 3 years	5.25%	N/A
Median 5 years	51.43%	N/A
10 years average annual	6.39%	N/A
Weekly media advert. rent	$595	N/A
Time on Market	50.4 days	N/A
Gross Rental Yield Percent	2.92%	N/A

Demographics (Median Values)*

Total Population 5741

Weekly Household Income 1578

Household Size 2.90

Average Age 39

Monthly Loan Repayment 2068

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

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