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%.