Property investors who have had real estate in Broken Hill, 2880 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -17.53%
When looking at the potential capital gains offered to property investors over the last 3 years, Broken Hill comes in at number 1349th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Broken Hill itself are offering an average vendor discount of -13.30% to real estate investors.
In the last year 275 properties changed hands in Broken Hill, which puts it as the 20th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Broken Hill being $100000 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 11.96%