Over the last year, property investments in Hay, 2711 have given investors a capital gain of -10.00%. This compares badly with the -3.87% for NSW as a whole.
If we look at median property appreciation over just the last three months, Hay has given property investors a paper return of 1.50%. This puts Suburb as 409 on a list of fastest fasting appreciating suburbs in NSW
Hay2711 is located in NSW which offers an average discount of -7.32% to property investors. Hay itself is showing figures that indicate -10.70% is the average achievable by property buyers investing in the suburb.
At number 3543 in a list of fastest selling suburbs, Hay is in the bottom 10% of suburbs in Australia with an average of days on market 144.821 for properties listed there.
Property investors should expect to get $210 weekly from the median priced house in this 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.