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%