news

Broken Hill cheapest regional market: RP Data

By Staff Reporter

Broken Hill has been tipped as the country’s most affordable regional area, according to RP Data.

An analysis by the company identified the 10 country towns where houses have the lowest median price.

Broken Hill, located in the far west of New South Wales, took out the top spot with a median value of only $149,811.

According to the latest statistics from RP Data, the resources-driven town has seen a strong performance over the past decade.

Average annual growth over the last 10 years came to 11 per cent per annum.

Meanwhile, in the rental market, investors can see gross rental returns of over 9.2 per cent.

With 353 sales in the month of March, the property market is fairly active given the town’s population of just under 18,500 people.

Victoria’s Gippsland region also rated highly in RP Data’s ranking, with the towns of Morwell and Moe slotting in at spots two and three.

Both towns have a median house price of under $179,000.

Over the past decade, Morwell has seen annual growth of 5.4 per cent per year, while Moe recorded yearly growth of 6.5 per cent.

Stawell and Ararat rounded out Victoria’s entries in the list.

New South Wales also offers bargain buys in the towns of Deniliquin, Cowra, Forbes, Junee and Leeton.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%
Broken Hill cheapest regional market: RP Data
SPI logo