Property investors who have had real estate in Broken Hill, 2880 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.85%
If we look at median property appreciation over just the last three months, Broken Hill has given property investors a paper return of 8.13%. This puts Suburb as 83 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Broken Hill should be aiming for at least -8.80% off the asking price, which is the average vendor discount being achieved at the moment.
At number 3254 in a list of fastest selling suburbs, Broken Hill is in the bottom 20% of suburbs in Australia with an average of days on market 117.858 for properties listed there.
Broken Hill is 1st on a list of best yielding suburbs for rents in NSW with a 10.42% return