Property value increases in Broken Hill have tracked higher than the NSW average of -0.66% over the last 12 months.
A 1.67% growth in median value for property investors in Broken Hill,2880 puts this suburb at number 318th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Broken Hill should be aiming for at least -8.89% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Broken Hill the average time real estate has been on the market is 105.042 days.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 0.12%, investors should hope to achieve an overall return of 11.08%