Home owners push ahead with renovation work
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Property investors enjoyed capital gains of 2.04% over the last 12 months in BROKEN HILL, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 0.77% growth over a ten-year period. It ranks 3553rd on our list of suburbs that property investors should look into.
BROKEN HILL, 2880 has a capital gain of 2.04% for the past year, which is higher than average compared to its 8% growth within a five-year period.
With the median home price in BROKEN HILL sitting at $125,000, and the average rent at $260, property owners could potentially earn a 10.82% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BROKEN HILL are high, as opposed to average gains per annum over the past five years.
BROKEN HILL, 2880 in NSW belongs to the local government area of Broken Hill (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $125,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.29% | N/A |
| Median 12 month | 2.04% | N/A |
| Median 3 years | 21.07% | N/A |
| Median 5 years | 8% | N/A |
| 10 years average annual | 0.77% | N/A |
| Weekly media advert. rent | $260 | N/A |
| Time on Market | 120.8 days | N/A |
| Gross Rental Yield Percent | 10.82% | N/A |
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