Broke is a small community in New South Wales within the Singleton local government area (postcode 2330). With a population of 557, the suburb has an established demographic with a median age of 43. Households earn a median income of $89K per year, with an average household size of 2.6 people. The most common occupations are managers, technicians & trades, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Broke is $973,000, having grown strongly 8.1% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,777.
Broke is served by 1 school, including 1 primary. The average ICSEA score is 861, which is well below the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Singleton LGA is below average at 3,401 incidents per 100,000 population.
From an investment perspective, Broke offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($973K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.9x is considered stretched. House prices have moved +8.1% year-on-year.
Broke is a small community in New South Wales within the Singleton local government area (postcode 2330). With a population of 557, the suburb has an established demographic with a median age of 43. Households earn a median income of $89K per year, with an average household size of 2.6 people. The most common occupations are managers, technicians & trades, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Broke is $973,000, having grown strongly 8.1% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,777.
Broke is served by 1 school, including 1 primary. The average ICSEA score is 861, which is well below the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Singleton LGA is below average at 3,401 incidents per 100,000 population.
From an investment perspective, Broke offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($973K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.9x is considered stretched. House prices have moved +8.1% year-on-year.