Old Bar is a mid-sized suburb in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 5,126, the suburb has a mature demographic with a median age of 50. Households earn a median income of $61K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Old Bar is $860,000, having surged 14% over the past year. Units have a median price of $514,000 (-7.4% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,690.
Old Bar is served by 1 school, including 1 primary. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 106 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Old Bar offers a gross rental yield of 3.0%, rated as low yield. Property prices sit below the state median ($860K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.1x is considered stretched. House prices have moved +14.0% year-on-year.
Old Bar is a mid-sized suburb in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 5,126, the suburb has a mature demographic with a median age of 50. Households earn a median income of $61K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Old Bar is $860,000, having surged 14% over the past year. Units have a median price of $514,000 (-7.4% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,690.
Old Bar is served by 1 school, including 1 primary. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 106 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Old Bar offers a gross rental yield of 3.0%, rated as low yield. Property prices sit below the state median ($860K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.1x is considered stretched. House prices have moved +14.0% year-on-year.