Hay has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -10.78% to date .
If we look at median property appreciation over just the last three months, Hay has given property investors a paper return of -4.00%. This puts Suburb as 1261 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hay, 2711. Typically our figures indicate that -7.08% is being offered, which puts this NSW suburb at 1177th most discounted overall in Australia.
With the median price for a house in Hay being $120000 and the advertised rent reaching $170 the gross rental yield for property investors calculates out to be 7.37%