Suburb Profile Report for Hay NSW (2711)

Hay House: Median price $130,000, Annual capital growth 6.71%, Number of sales 56, Weekly median advertised rent $200

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Investment property in Hay 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 -21.21%

When looking at the potential capital gains offered to property investors over the last 3 years, Hay comes in at number 718th in NSW.

Vendor discounting in Hay is giving property investors an average Vendor Discount of around -12.83%. This puts suburb at number 13th in NSW when ranking the most discounted suburbs.

Residents and property investors in Hay have been waiting around 144.182 days to sell a property.

With the median price for a house in Hay being $130000 and the advertised rent reaching $200 the gross rental yield for property investors calculates out to be 8.00%

Information supplied by:




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Houses come at great value

Postcode: 2711

Median house price: $129,000

Three-year growth: -7.5%

Rental yield: 8.9%

A small suburb with a historic country appeal, Hay has one of the top wool industries in Australia.

The suburb is home to the Australian Shearers Hall of Fame, which highlights the history of sheep shearing in the country and present live demonstrations. Local artists make beautiful pieces out of the wool produced. Residents can enjoy beautiful sunsets on the outback daily in one of the many lovely parks or along the cycling paths. The local railway station is a heritage-listed site, as are many other sites in the suburb including the Light Horse Memorial and the Hay War Memorial High School Museum.

At a median value of just $129,000, Hay has a remarkably affordable housing market.

Metrics i HOUSE UNIT
$130,000 N/A
-1.14% N/A
-21.21% N/A
6.71% N/A
$200 N/A
56 N/A
8.00% N/A
144.181818181818 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 2445
Median household income ($/weekly) 790
Median age of persons 44
Median housing loan repayment ($/monthly) 1057
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 336 13.7
    35-44 years 270 11.0
    45-54 years 415 17.0
    55-64 years 299 12.2
    65-74 years 248 10.1
    Others 877 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 827 48.6
    Not Married 704 41.4
    Defacto Relationship 170 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2159 94.0
    Indonesia 15 0.7
    Japan 23 1.0
    Papua New Guinea 22 1.0
    United Kingdom 42 1.8
    Others 36 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1993 86.3
    No Religion 280 12.1
    Hinduism 18 0.8
    Buddhism 11 0.5
    Other Religious Groups 8 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 102 12.3
    $400-$599 118 14.3
    $600-$799 120 14.5
    $800-$999 97 11.7
    $1,000-$1,249 85 10.3
    Others 304 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 775 41.8
    Employed, worked full-time 627 33.8
    Employed, worked part-time 323 17.4
    Employed, away from work 85 4.6
    Unemployed, looking for work 44 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 141 13.6
    Technicians & trades workers 153 14.8
    Community & personal service workers 109 10.5
    Clerical & administrative workers 121 11.7
    Labourers 184 17.7
    Others 329 31.7
    Occupation
    Census Count Percent(%)
    Pre-school 44 8.3
    Infants/Primary 230 43.5
    Secondary 155 29.3
    Technical or Further Educational Institution 65 12.3
    University or other Tertiary Institutions 25 4.7
    Others 10 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2102 94.6
    Flat, unit or apartment 98 4.4
    Semi-detached, row or terrace house, townhouse 12 0.5
    House or flat attached to a shop, office 6 0.3
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 376 40.0
    Rented 295 31.4
    Being purchased 260 27.7
    Other tenure type 9 1.0
    Tenure Type
Census 2011, ABS
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