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Bega, NSW 2550

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Bega, NSW 2550 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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2 thoughts on “Bega, NSW 2550”

  1. The total adult population (15 years or older) of Bega 2550 NSW is 4,061, with a median age of 43. Of those, 39.84% are married, 14.23% are divorced or separated, 37.75% are single and 8.22% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,256. The median monthly mortgage repayment for households in this suburb is $1,408 which is 22.51% of their earnings.

    Source: ABS Census Data (2021)

  2. Bega is a charming rural town located in the Bega Valley Shire Council, NSW.

    It is known for its rich agricultural heritage and stunning landscapes, including rolling hills and rivers. The town is well-known for its delicious local produce, such as cheese, beef and seafood.

    There are plenty of outdoor activities to enjoy, with parks and gardens, bushwalking and cycling trails, golf courses and beaches nearby. Bega is an ideal holiday destination, offering a range of accommodation and attractions, as well as a range of shops and cafes.

    The town has a thriving arts and culture scene, with live music, festivals and art galleries. It is a friendly, welcoming and vibrant community, where locals and visitors alike can enjoy a range of experiences.

  3. Text:

    The suburb of Bega, with the postal code 2550, is situated in New South Wales and is home to roughly 2,759 households. Heading into Q3 of 2023, the housing market appears reasonably attractive for investors, with the typical house price pegged at $675,643. Further sweetening the deal for yield-focused investors is the median weekly rent, which sits at $453, generating an indicative yield of 3.49%.

    Drilling down into the socio-economic makeup of Bega, the IRSAD score stands at 899 out of 1,217, pointing towards a fairly healthy socio-economic environment. The distribution between renters and owners reveals a ratio of 32%, a number that sits just slightly over the preferable threshold, indicating a balanced, but slightly renter-dominated market.

    Turning an eye to the units to houses ratio, Bega flaunts a remarkably low figure of just 4%. This suggests an excellent market for landlords, given the reduced competition for tenants and the increased likelihood of longer tenancy periods due to the higher proportion of houses.

    The affordability index for Bega, however, is a slight point of concern. Standing at 42 years, it eclipses the 30-year benchmark, indicating a lower level of affordability for potential home buyers.

    On the supply side, Bega appears to be in a favourable position with the stock on market Percentage for houses being a low 0.27% and the inventory level for houses is just 1.35 months. The building approvals Ratio is only 0.19%, showing a low supply of new dwellings which could potentially support house price growth.

    However, the days on market average for houses is a touch high at 107 days, suggesting a somewhat sluggish demand for properties. The Vacancy Rate, which is an amalgamation of both houses and units, is extraordinarily low at 0.34%, emphasising a high demand and a potentially swift rental process.

    The buy search index for houses is 4, a figure that sits within the neutral range by suggesting a balanced level of buyer interest.

    In summary, while there are a couple of elements for potential investors to keep an eye on, Bega’s property market presents several indicators of a positive and profitable property investment landscape. Utilising a tool like RCS (Relative Composite Score) developed by HtAG Analytics can provide you with an automated and comprehensive understanding of these metrics, greatly assisting your property investment journey.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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