Suburb Profile Report for Broken Hill NSW (2880)

Broken Hill House: Median price $105,000, Annual capital growth 2.72%, Number of sales 324, Weekly median advertised rent $230

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Investment property in Broken Hill has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.55%

While Broken Hill,2880 ranked number 327th in NSW for increase in median house value (annualised) increase, it is ranked 1224th over the last 5 years.

Vendor discounting in Broken Hill is giving property investors an average Vendor Discount of around -13.38%. This puts suburb at number 11th in NSW when ranking the most discounted suburbs.

Using the current median advertised rental of $230 and the average annual increase in value of a median property of 2.72%, investors should hope to achieve an overall return of 11.39%

Metrics i HOUSE UNIT
$105,000 N/A
5.00% N/A
-4.55% N/A
2.72% N/A
$230 N/A
324 N/A
11.39% N/A
153.56 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 18776
Median household income ($/weekly) 789
Median age of persons 43
Median housing loan repayment ($/monthly) 953
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 2287 12.2
    25-34 years 1918 10.2
    35-44 years 2154 11.5
    45-54 years 2780 14.8
    55-64 years 2655 14.1
    Others 6983 37.2
    Age Group
    Census Count Percent(%)
    Registered Married 5941 44.9
    Not Married 5866 44.3
    Defacto Relationship 1435 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 16579 95.1
    Japan 60 0.3
    Papua New Guinea 113 0.6
    United Kingdom 236 1.4
    Other 73 0.4
    Others 366 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 90 0.5
    Christianity 11161 68.2
    Hinduism 31 0.2
    Other Religious Groups 42 0.3
    No Religion 5011 30.6
    Others 37 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 973 14.7
    $400-$599 1042 15.7
    $600-$799 821 12.4
    $800-$999 631 9.5
    $1,500-$1,999 644 9.7
    Others 2522 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6452 45.3
    Employed, worked full-time 4501 31.6
    Employed, worked part-time 2098 14.7
    Unemployed, looking for work 637 4.5
    Employed, away from work 565 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1061 14.8
    Technicians & trades workers 1125 15.7
    Community & personal service workers 991 13.8
    Clerical & administrative workers 828 11.6
    Labourers 794 11.1
    Others 2367 33.0
    Occupation
    Census Count Percent(%)
    Pre-school 300 8.3
    Infants/Primary 1327 36.6
    Secondary 1107 30.5
    Technical or Further Educational Institution 567 15.6
    University or other Tertiary Institutions 234 6.4
    Others 94 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16158 95.7
    Flat, unit or apartment 544 3.2
    Semi-detached, row or terrace house, townhouse 105 0.6
    Caravan, cabin, houseboat 46 0.3
    House or flat attached to a shop, office 29 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3402 47.2
    Being purchased 2185 30.3
    Rented 1563 21.7
    Other tenure type 53 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals