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Bargo
AREA REPORTS

Bargo

Bargo - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2574

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BARGO, 2574 ranks 314th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 42.06% 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $950,000.

The upward trend in home prices in BARGO, 2574 averaged 14.29% per annum over a 3-year period.

Average weekly rents on listings have reached the $475 mark, reflecting a 2.6% increase in returns based on the current median price in BARGO.

An average of 6.58 real estate transactions take place per month in BARGO which translates to 79 per annum.

79 properties were sold in BARGO in 2016, making it the 152nd most active market in NSW based on total real estate transactions.

BARGO, 2574 places 435th in Australia based on median property value growth during the quarter.

Data report can be found below

Bargo
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $950,000 N/A
GROWTH REPORT
Median Quarterly 7.95% N/A
Median 12 month 42.06% N/A
Median 3 years 42.86% N/A
Median 5 years 38.67% N/A
10 years average annual 10.04% N/A
Weekly media advert. rent $475 N/A
Time on Market 31.4 days N/A
Gross Rental Yield Percent 2.6% N/A
demographics (median values)*
Total Population
5741
Weekly Household Income
1578
Household Size
2.90
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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