Suburb Profile Report for Broken Hill NSW (2880)

Broken Hill House: Median price $103,250, Annual capital growth 3.79%, Number of sales 277, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report

Broken Hill has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -13.96% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Broken Hill has fallen somewhat when compared to the 5 year average annual rate.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Broken Hill itself are offering an average vendor discount of -12.52% to real estate investors.

A $230 per week rent on the median house gives suburb investors a gross yield of circa 11.58%, without taking into account capital value appreciation, which has been averaging out at 3.79%.

HOUSE UNIT
$103,250 N/A
3.25% N/A
-13.96% N/A
3.79% N/A
$230 N/A
277 N/A
11.58% N/A
143.2 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (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
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Recent sales & rentals