Thinking about buying in Bangor? Now could not be a better time, with 2257 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,483,000 with prices in this suburb ranging from $108,000 to $4,285,000. Bangor is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $624.86 |
Median Monthly Mortgage | $2776.00 |
Median Persons Per Bedroom | 0.79 |
Average Household Size | 3.00 |
Average Age | 44.38 |
Average Income | $983.90 |
Average Cars Per Dwelling | 2.49 |
Average Properties Within 50M | 17 |
1 Bed  $667,000 |
2 Bed  $1,261,000 |
3 Bed  $1,387,000 |
4 Bed  $1,723,000 |
5 Bed  $1,934,000 |
6 Bed+$2,068,000 |
In Bangor there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Bangor is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Bangor leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Bangor to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Bangor we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Bangor a better buying opportunity than it may have been in the past.
Bangor Public School
Inaburra School
Aquinas Catholic College
Holy Family Catholic Primary School
Woronora River Public School
Tharawal Public School
Menai High School
Illawong Public School
Bonnet Bay Public School
Jannali Public School
(While the above schools are located with the suburb of Bangor there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.6 | 18.5 | 31.0 | 32.4 | 79.5 | 6.2 | 27.5 |
Feb | 1 | 18.0 | 29.4 | 38.1 | 81.6 | 5.7 | 24.4 |
Mar | 0.6 | 16.1 | 27.4 | 40.1 | 84.1 | 5.0 | 20.0 |
Apr | 0.8 | 12.2 | 24.1 | 39.5 | 86.0 | 4.3 | 15.0 |
May | 0.7 | 9.1 | 20.5 | 44.9 | 89.6 | 3.9 | 11.7 |
Jun | 1 | 6.5 | 17.1 | 53.3 | 94.3 | 4.0 | 10.2 |
Jul | 0.6 | 5.5 | 17.8 | 46.6 | 93.1 | 4.4 | 10.7 |
Aug | 0.5 | 5.8 | 18.3 | 42.0 | 90.9 | 4.6 | 13.4 |
Sept | 0.4 | 8.5 | 22.9 | 32.5 | 86.5 | 5.1 | 18.7 |
Oct | 0.6 | 11.5 | 24.8 | 33.2 | 83.2 | 5.4 | 23.7 |
Nov | 0.5 | 13.8 | 27.0 | 32.8 | 82.9 | 5.8 | 27.1 |
Dec | 1.0 | 16.1 | 28.3 | 33.8 | 81.0 | 5.8 | 29.8 |
source: Australian Government Bureau of Meteorology
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