Bargo

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.