Suburb Profile Report for Broken Hill NSW (2880)

Broken Hill House: Median price $120,000, Annual capital growth -0.21%, Number of sales 341, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

If you compare the increase in value of investment property in Broken Hill, 2880 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.29%.

Comparing Broken Hill,2880 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Broken Hill is giving property investors an average Vendor Discount of around -9.08%. This puts suburb at number 154th in NSW when ranking the most discounted suburbs.

Residents and property investors in Broken Hill have been waiting around 113.378 days to sell a property.

With the median price for a house in Broken Hill being $120000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 11.27%

Metrics i HOUSE UNIT
$120,000 N/A
-4.95% N/A
14.29% N/A
-0.21% N/A
$260 N/A
341 N/A
11.27% N/A
113.377906976744 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 18776
Median household income ($/weekly) 789
Median age of persons 43
Median housing loan repayment ($/monthly) 953
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 2287 12.2
    25-34 years 1918 10.2
    35-44 years 2154 11.5
    45-54 years 2780 14.8
    55-64 years 2655 14.1
    Others 6983 37.2
    Age Group
    Census Count Percent(%)
    Registered Married 5941 44.9
    Not Married 5866 44.3
    Defacto Relationship 1435 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 16579 95.1
    Japan 60 0.3
    Papua New Guinea 113 0.6
    United Kingdom 236 1.4
    Other 73 0.4
    Others 366 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 90 0.5
    Christianity 11161 68.2
    Hinduism 31 0.2
    Other Religious Groups 42 0.3
    No Religion 5011 30.6
    Others 37 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 973 14.7
    $400-$599 1042 15.7
    $600-$799 821 12.4
    $800-$999 631 9.5
    $1,500-$1,999 644 9.7
    Others 2522 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6452 45.3
    Employed, worked full-time 4501 31.6
    Employed, worked part-time 2098 14.7
    Unemployed, looking for work 637 4.5
    Employed, away from work 565 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1061 14.8
    Technicians & trades workers 1125 15.7
    Community & personal service workers 991 13.8
    Clerical & administrative workers 828 11.6
    Labourers 794 11.1
    Others 2367 33.0
    Occupation
    Census Count Percent(%)
    Pre-school 300 8.3
    Infants/Primary 1327 36.6
    Secondary 1107 30.5
    Technical or Further Educational Institution 567 15.6
    University or other Tertiary Institutions 234 6.4
    Others 94 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16158 95.7
    Flat, unit or apartment 544 3.2
    Semi-detached, row or terrace house, townhouse 105 0.6
    Caravan, cabin, houseboat 46 0.3
    House or flat attached to a shop, office 29 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3402 47.2
    Being purchased 2185 30.3
    Rented 1563 21.7
    Other tenure type 53 0.7
    Tenure Type
Census 2011, ABS
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