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Broken Hill, NSW 2880

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Broken Hill, NSW 2880 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Broken Hill, NSW 2880”

  1. The total adult population (15 years or older) of Broken Hill 2880 NSW is 14,694, with a median age of 44. Of those, 37.87% are married, 14.86% are divorced or separated, 39.06% are single and 8.18% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,508. The median monthly mortgage repayment for households in this suburb is $867 which is 13.32% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Broken Hill, coded 2880 and located in the state of NSW, boasts of approximately 11,413 households. In this hub where tradition segues seamlessly into modernity, Q3 data of 2023 shows that the typical house price is an attractive $207,201. Median weekly rents stand at $349, leading to a highly attractive indicative yield of 8.76%.

    Reflecting the vibrant economic landscape of the suburb, the IRSAD score is a commendable 893 out of 1217. This showcases Broken Hill’s upper-middle economic performance, with reasonably high levels of income and a strong showing of skilled professions in the area. The renter to owner ratio is quite favourable, calculated at 24%. This relatively low percentage indicates fewer competing landlords, possibly ensuring sustainable rental yields in the long term.

    In terms of property types, the suburb shows a whopping preference for houses over units, with the units-to-houses ratio at a mere 1%. This large tilt towards standalone houses potentially provides more investment stability and appeal to families, enhancing the chance of securing longer tenancy periods.

    Adding to Broken Hill’s appeal is the encouraging affordability index of just 12 years. This implies that on average, a household would need 12 years of income to fully own a property, making the area much more affordable than many others. This is a massive draw for both investors and homeowners seeking property in markets with great affordability.

    With regard to supply, Broken Hill paints a favourable picture. In Q3 of 2023, the ‘Stock on Market Percentage’ is low at 0.18%, suggesting a low supply market. This is complemented by a low inventory level for houses at 0.68 months. Furthermore, there has been a freeze on fresh building approvals for houses in the area with a Building Approval Ratio of 0.0% – an indicator of low supply.

    However, it’s not completely plain sailing in Broken Hill. The area’s ‘Days on Market’ metric sits at 111 days, pointing to a reduced demand. This trend is echoed by the ‘Buy Search Index’ for houses, which is at a moderate 3, suggesting limited property demand.

    On the brighter side, the overall vacancy rate for both units and houses is a comfortable 1.48%. Comparative to other suburbs, this is reflective of fairly high demand due to limited leasing availability.

    With majority of favourable metrics, Broken Hill holds promise as an area to monitor for future property investments. As always, smart real estate investment rewards those vigilant about market developments and deeply understanding property market data.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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