Bathurst

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NSW’s Bathurst (postcode 2795), one of Australia's oldest inland settlements, sits on the list of the most-searched suburbs in Australia in 2015 by rent.com.au.
The median rent for all rental properties advertised in Bathurst in the 30 days till February was $312 per week, up 4.17 percent or $12.50 from the previous quarter. 
The surrounding suburbs of Gormans Hill, Kelso, Mitchell, South Bathurst and West Bathurst, however, had a median rental of $350 in the 30-day period, and showed no change over a 90-day period too.
The average days on market for all rental properties advertised in Bathurst within the 90 days monitored was 29 days, nine days shorter than the previous quarter and 11 less than surrounding suburbs.
The price range was relatively narrow for properties advertised in the 30 days, with the lowest at $160 per week for a one-bedroom place and $440 pw being the highest for five-bedroom dwellings.
A total of 92 rental properties were advertised in Bathurst in the 30-day period, up four from the previous 30 days. Of these, there were 71 houses and 21 apartments. 
The regional city’s property composition made up for 72.3 percent houses and 27.7 percent apartments, according to <a href="https://rent.com.au" target="_blank">rent.com.au</a>’s report. 
Bathurst has a total of 1,389 rental properties, making up 48.9 percent of all properties in Bathurst (ABS, Census Data, 2011). 
Property Observer zeroes in on two examples of recently advertised dwellings around the median price on <a href="https://rent.com.au" target="_blank">rent.com.au</a>:
<img src="/images/2016/04/14/rocket.jpg" alt="" width="592" height="404">
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<li>A three-bedroom unit at <a href="https://www.rent.com.au/property-unit-bathurst-2795-1694811" target="_blank">2/90 Rocket Street</a> (above) is available for rent at $330 per week. </li>
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A three-bedroom house at <a href="https://www.rent.com.au/property-house-bathurst-2795-1692817" target="_blank" style="line-height: 1.3em;">98 Durham Street</a> (below) is up for rent for $295 per week. 
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<img src="/images/2016/04/14/durham.jpg" alt="" width="565" height="460">
The ASX-listed Rent.com.au Ltd achieved a record 615,405 unique visitors to its website in January, followed by more than 610,000 unique visitors in February.
Landlords are able to list their property for free in a limited time offer on <a href="https://www.rent.com.au/" target="_blank">rent.com.au</a>.
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NSW’s Bathurst scored over neighbours in median rents: rent.com.au

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NSW's centres of Bathurst/Orange have been a rising market for houses while units are at the start of the recovery cycle, according to valuation firm Herron Todd White's property clock -- a simple broad brush means of suggesting where property prices are and what direction they're headed. 
Like Sydney, the larger centres of Bathurst and Orange include a collection of suburbs. Surrounding the established areas and retail districts, the suburbs have their own characters as a result of previous, current, and planned development.
Google Maps shows the localities around Bathurst including Gormans Hill, Kelso, Robin Hill, Llanarth, Windradyne and Eglinton. Around Orange there is Glenroi, Warrendine, Calare and Bletchington. Neither of these is an exhaustive list.
The suburbs compete and can exceed in terms of land value with central localities, particularly if they have, or plan to have, large modern houses and good amenities. The variability, and sometimes the inferiority, of older central development can hold those areas back. In addition the market power of families who on average prefer a modern house and surroundings, as opposed to the relative market power of retirees and students who, for example, prefer to be closer to town, evens out the market.
In terms of investment, student-specific accommodation has reduced the demand and volatility for central accommodation in the general market, while incomes are a determinant of what can be achieved in the suburbs. 
Property Observer looked up recent sales in some of the fringe suburbs such as Gormans Hills (Bathurst) on www.realestate.com.au.
1. The median house price in Gorman Hills is $295,000, according to CoreLogic RP Data. No data was available for units. Among the recently sold was a four-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-gormans+hill-122431910" target="_blank">46 Fish Parade Gormans Hill NSW 2795</a> for $275,000.
 
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2. The median house price in Eglinton was $365,000, according to CoreLogic RP Data. As an example of recent sale, a three-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-eglinton-121180614" target="_blank">25 Cottonwood Drive Eglinton NSW 2795</a> fetched $355,000.
<img src="/images/2016/06/15/Screen%20Shot%202016-06-15%20at%209.33.42%20AM.png" alt="">
 
 
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Fringes of Bathurst and Orange can compete with central locations on land value: HTW

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Around three quarters of all residential sales in Bathurst are between $300,000 and $500,000, according to Herron Todd White’s latest monthly market report.
The property advisory firm noted a correlation between the sale price and the average income in the area.
It advised the majority of home owners are able to service mortgages at these prices.
The size to which dwellings can be built is determined by this limitation in relation to the cost of construction.
In this bracket properties range from slightly dated 60 year old three bedroom, one bathroom dwellings to modern brick veneer four bedroom dwellings with an en suite.
At $500,000 such a dwelling could comprise over 200 square metres of living area alone.
An example would be a four bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-bathurst-123592886" target="_blank">6 McLean Street</a> (pictured above) that is for sale for $519,000.
HTW noted a new limitation is then reached in that there is a point when a dwelling can be too large for practical purposes.
"That corresponds with why the majority of properties at $600,000 or more comprise small acreage," the report said.
At the moment anything under $300,000 is being snapped up as soon as it is available. The reason that there are not as many sales in this price bracket is because fewer become available. Although new dwellings continue to comprise a large percentage of sales, this is influenced by the lack of listings that are currently becoming available in established areas.
"This would also skew the areas of higher activity, but not necessarily the level of change in value," the HTW report said.
"This is further influenced by the personal circumstances of purchasers determining the time frame available to allow location to be as important a determinant as the need for accommodation."
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Property supply lacking as demands increase in Bathurst: HTW

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The Dudley Hotel, Bathurst, is set for auction on December 15.
Manenti Quinlan and Associates of Sydney and Thomas Cooper and Company of Newcastle have been appointed as agents.
The Dudley Hotel is a regional icon in one of the fastest growing regional areas in New South Wales.
The hotel has a wonderful streetscape with a wrought iron wrap-around verandah.
The hotel has been refurbished.
Bathurst is just over two hours from Sydney in a region steeped in history with a continually growing tourism focus.
The hotel provides an offering across food, beverage and gaming.
The marketing indicates trading figures demonstrate "excellent" cash flow and identify the continual growth of the business.
The hotel occupies a strategic 2,914 square metre site with extensive on-site parking.
"The Dudley Hotel is undoubtedly one of the best regional hotels to come to the market in the last five years," Gerry Quinlan of Manenti Quinlan said.
He expects interest from interstate as well as local buyers.
Richard Thomas of Thomas Cooper and Company believes that the stable and vibrant Bathurst economy provides security to potential investors.
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Leading NSW regional hotel in Bathurst set for auction

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Macquarie, the oldest farm and oldest continuing residence west of the Great Divide, is set for an open day after its recent restoration.
The 1820s convict barracks and the homestead, built a few years later, have been restored and the formal rooms will be <a href="https://www.nationaltrust.org.au/event/macquarie-open-day/" target="_blank">open for viewing</a>.
A plaque will be unveiled by former Governor of New South Wales, Dame Marie Bashir, patron of the Macquarie Society this weekend. 
Circumstantial evidence supports the assertion Macquarie is the oldest farm and oldest continuing residence west of the Great Divide.
It contains the original 1000 acre land grant to Lieutenant William Lawson by Governor Lachlan Macquarie as Lawson’s reward for his contribution in finding a way across the Blue Mountains.
Lawson was to become fond of Lachlan Macquarie, and in his honour renamed Discovery Farm as Macquarie, apparently in honour of a Vice-Regal visit during one of Macquarie's tours of inspection.
Macquarie, in it’s  200 years of European history, has only had two owners prior to the Hennessey’s, namely, the Lawson and McKibbin families.   
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Macquarie remained in the Lawson family until 1918 when it was sold to the McKibbin family.
One of the McKibbin's was Tom McKibbin who lived at Macquarie with his wife, Edith. A colourful character, Tom in the 1890s was an Australian Test cricketer whose 1896 tour of England saw Tom's bowling action the subject of some controversy.
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Paul and Bonny Hennessy became just the third owners of the property in 2012 when they bought it with a commitment to restore it to its former glory.
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Since then they have employed more than 250 tradespeople and labourers.
Macquarie is situated 12 kilometres south east of Bathurst at 3397 O’Connell Road, The Lagoon around eight kilometres from the Great Western Highway.
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For the past five years Paul and Bonny Hennessy have been working to save for posterity the most historic curtilage west of the Great Divide in particular, the early Colonial/Georgian homestead.
When they secured the property, the homestead was uninhabitable.
The two storey convict barracks were falling down.
It was the first farm over the mountains when 100 head of cattle moved on to the property in 1815.
 <img src="https://www.urban.com.au/images/2018/3/16/MQ%202.JPG" alt="">
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Restoration of historic Macquarie farm at Bathurst

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Alloway Bank, the historic NSW Bathurst district estate of the colonial ­customs collector, Captain John Piper, has been sold.
After spending just short of three years on the market, the property fetched $2.15 million, within its steadfast guide of $1,995,000 to $2.4 million.
It was sold by Century 21 Bathurst agent Tom ­Clyburn, who took on the listing earlier this year.
The buyers are a family from Bondi Junction whose forebears, George (pictured) and William Suttor, were the second owners of the Eglinton residence.
The house, rebuilt in the 1870s with Flemish bond brickwork, sits on 11 hectares.
Its European settlement dates back to an 1827 land grant from Governor Thomas Brisbane to Piper who relocated to the farm after losing the Point Piper harbourfront, Henrietta Villa.
After the 1838 drought, the wool slump and 1840s depression, Piper was also forced to sell Alloway Bank to the pastoral Suttor family in 1845. It last sold in 1995 for $580,000.
This article was first published in the Sunday Telegraph. 
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Alloway Bank, Bathurst sells after nearly three years on the market

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Macquarie, the oldest farm and oldest continuing residence west of the Great Divide, has been listed for July 5 auction.
The 1820s convict barracks and the homestead, built a few years later, have been restored by Paul and Bonny Hennessy, who became just the third owners of the property in 2012.
When the Hennessys secured the property, the homestead was uninhabitable.
Since then they have employed more than 250 tradespeople and labourers.
<a href="https://www.propertyobserver.com.au/https://raywhiteemc.com/properties/rural/nsw/bathurst-2795/mixed-farming/2115294" target="_blank">The 1150 acre Macquarie</a> is situated 12 kilometres south-east of Bathurst at The Lagoon.
With its early Colonial/Georgian homestead, Macquarie contains part of the original 1000 acre land grant to Lieutenant William Lawson by Governor Lachlan Macquarie as Lawson’s reward for his contribution in finding a way across the Blue Mountains.
Lawson was to become fond of Macquarie and in his honour renamed Discovery Farm after him, apparently following a Vice-Regal visit during one of Macquarie's tours of inspection.
Macquarie, in it’s 200 years of colonial history, has only had two owners prior to the Hennesseys.   
It had remained in the Lawson family until 1918 when it was sold to the McKibbin family.
One of the McKibbin's was Tom McKibbin who lived at Macquarie with his wife, Edith.
A colourful character, Tom was an Australian Test cricketer n the 1890s whose 1896 tour of England saw his bowling action the subject of some controversy.
Bill Marshall and Pat Bird at Ray White have the listing.
This article first appeared in The Weekend Australian. 
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