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Hay, NSW 2711

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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 Hay, NSW 2711 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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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 “Hay, NSW 2711”

  1. The total adult population (15 years or older) of Hay 2711 NSW is 1,922, with a median age of 47. Of those, 44.75% are married, 11.45% are divorced or separated, 35.64% are single and 7.96% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,324. The median monthly mortgage repayment for households in this suburb is $867 which is 13.71% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of HAY 2711, nestled in the state of NSW, is estimated to contain approximately 1517 households, creating a vibrant and diverse neighbourhood.

    As of Q3 2023, the typical house price in HAY 2711 stands at a relatively affordable $164,063. With a median weekly rent of $225, the suburb offers a notably high indicative yield of 7.13%. This yield marks HAY 2711 as a potentially attractive option for cash flow-oriented property investors.

    The HAY 2711 area has an IRSAD score of 907 out of 1217, indicating that the socio-economic conditions are somewhat favourable. The area is characterized by a fair access to economic resources along with a diverse mix of incomes and professions.

    In terms of housing mix, the renter to owner ratio in HAY 2711 is 28%, which is under the threshold of 30% and considered favourable. The units to houses ratio is low at 6%, suggesting a striking predominance of houses over units, which can be favourable for reduced competition in rental markets and attracting more stable, family tenants.

    On the affordability front, the index for houses is quite low at 10 years, well below the usual 30-year mortgage term. This highlights that home ownership here might be more achievable for many buyers, which could drive demand.

    The demand and supply dynamics of the area presents mixed signals. A stock on market percentage of 0.4% and quiet building activity (0% building approvals ratio) indicate a relatively limited house supply that can support property prices. However, an inventory level of 12.0 months suggests that the market might be slow in absorbing this limited supply.

    On the demand side, the days on market for houses stands at a relatively high 204, hinting at potentially lower demand. Yet, a promisingly low vacancy rate of 0.47% indicates that rental demand remains high with limited available supply. The buy search index for houses is 3, which is on the lower side of the scale.

    Overall, considering the positive yield and favourable socio-economic conditions, HAY 2711 might offer interesting opportunities for savvy property investors, despite some indicators signifying lower demand. Investors ought to keep an eye on trends and stay abreast of the changing market dynamics to capitalize on the opportunities that HAY 2711 presents.

    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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