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Bogangar, NSW 2488

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 Bogangar, NSW 2488 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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0 thoughts on “Bogangar, NSW 2488”

  1. The total adult population (15 years or older) of Bogangar 2488 NSW is 2,622, with a median age of 41. Of those, 45.39% are married, 14.91% are divorced or separated, 35.55% are single and 3.97% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $7,768. The median monthly mortgage repayment for households in this suburb is $1,898 which is 24.43% of their earnings.

    Source: ABS Census Data (2021)

  2. The idyllic suburb of Bogangar, postcode 2488, can be found nestled within the state of New South Wales. Home to an estimated 1577 households, this area boasts an attractive seaside locale for residents. As we venture into the third quarter of 2023, let’s delve into the Bogangar property market, focusing predominantly on houses.

    Currently, the typical price investors can expect to pay for a house in Bogangar sits at an impressive $1,353,634. Coupled with a median weekly rent of $838, property owners can expect an indicative yield of approximately 3.22%. It’s worth noting that these figures present an attractive proposition for cashflow-centred property investors, ticking off the essential criteria for yields above the 3% mark.

    Diving into the fundamental metrics, Bogangar displays a socio-economic score of 996 out of 1,217, indicating a generally strong and stable socio-economic status among the populace. The renter to owner ratio weighs in at 32%, providing a healthy balance that minimises risk associated with high competition amongst property investors while retaining an attractive rental potential. As for the structure of properties found in the suburb, the units to houses ratio is at a favourable 22% which may result in less rental competition amongst landlords.

    However, there’s one predominant caveat and that lies within the affordability index. Currently standing at 68 years, this represents a far cry from the ideal sub-30 years figure, pointing towards a decreased level of affordability within the local property market.

    In terms of housing supply metrics, a low stock on market Percentage of 0.34% suggests a favourable lower supply. The inventory, which is designed to reveal the market’s absorption of new listings, is just 1.2 months, providing further evidence of a favourable low supply market status. Interestingly, the building approvals Ratio for houses is 0.0%, meaning there’s currently little in the way of new dwelling stock slated to enter the market.

    Examining demand metrics shows that houses in Bogangar are on the market for an average of 82 days, a figure somewhat leaning towards a slower market. However, a combined vacancy rate (houses and units) of 1.39% indicates high demand. The buy search index for houses is recorded as 5, suggesting that online interest in buying properties within the area aligns with the state or city average.

    In conclusion, while property in Bogangar might require quite an investment to get a foot on the property ladder, a range of favourable supply and demand factors coupled with a strong socio-economic standing could make this seaside suburb one to watch. As always, keep an eye on continued market developments and consolidate the advice of specialist analysts, such as HtAG Analytics’ Relative Composite Score (RCS), to ensure a well-rounded view of market shifts.

    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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