NSW has seen average median house prices change by 8.02% which means that Hay, 2711 has done well for property investors by showing a capital gain of 0.00% over the last year
Taking the average capital gain, or increase in median house value, Hay,2711 has racked up an average of 0.00% over the period. This ranks it number 3962th in the whole country for real estate investors looking at median house price increases.
At number 749th of NSW’s most discounted properties, Hay is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Hay is 742th on a list of best yielding suburbs for rents in NSW with a 3.58% return
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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.