Hay has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -9.70% to date .
Hay,2711 was ranked 803 in Australia by increase in median property value over the quarter.
At number 26th of NSW’s most discounted properties, Hay is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $230 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.