Over the last year, property investments in Hay, 2711 have given investors a capital gain of 5.88%. This compares badly with the 9.05% for NSW as a whole.
The five-year average increase in median property values for Hay,2711 has given property investors a potential capital gain of 35.00% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Hay itself are offering an average vendor discount of -13.45% to real estate investors.
At number 3549 in a list of fastest selling suburbs, Hay is in the bottom 10% of suburbs in Australia with an average of days on market 143.73 for properties listed there.
Using the current median advertised rental of $180 and the average annual increase in value of a median property of 3.25%, investors should hope to achieve an overall return of 6.93%