Giving property investors a a poor capital gain of 3.70% for the last year, Hay, 2711 is the 3641th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hay has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -10.09% to buyers in Hay at the moment, which is less than average for the rest of NSW.
At number 3915 in a list of fastest selling suburbs, Hay is in the bottom 10% of suburbs in Australia with an average of days on market 152.476 for properties listed there.
Advertised rents are around the $220 mark per week – giving a return of 8.17% based on the median price in Suburb
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Houses come at great value
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.