With a capital gain of -23.18% for the last 12 months, Hay, 2711 has performed for property investments than its average annual 2.62% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Hay comes in at number 1350th in NSW.
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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.