Broken Hill is a well-established suburb in New South Wales within the Broken Hill local government area (postcode 2880). With a population of 17,706, the suburb has an established demographic with a median age of 44. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Broken Hill is $195,000, having dropped significantly 9.3% over the past year. Units have a median price of $148,000 (-3.3% YoY). The current median weekly rent is $310. This gives a gross rental yield of approximately 8.3%. The median monthly mortgage repayment is $867.
Broken Hill is served by 10 schools, including 8 primary, 2 secondary. The average ICSEA score is 908, which is below the national average of 1,000. Public transport access includes 2 rail stations, 81 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Broken Hill LGA is moderate at 7,890 incidents per 100,000 population.
From an investment perspective, Broken Hill offers a gross rental yield of 8.3%, rated as high yield. Property prices sit below the state median ($195K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.2x is considered affordable. House prices have moved -9.3% year-on-year.
Broken Hill is a well-established suburb in New South Wales within the Broken Hill local government area (postcode 2880). With a population of 17,706, the suburb has an established demographic with a median age of 44. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Broken Hill is $195,000, having dropped significantly 9.3% over the past year. Units have a median price of $148,000 (-3.3% YoY). The current median weekly rent is $310. This gives a gross rental yield of approximately 8.3%. The median monthly mortgage repayment is $867.
Broken Hill is served by 10 schools, including 8 primary, 2 secondary. The average ICSEA score is 908, which is below the national average of 1,000. Public transport access includes 2 rail stations, 81 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Broken Hill LGA is moderate at 7,890 incidents per 100,000 population.
From an investment perspective, Broken Hill offers a gross rental yield of 8.3%, rated as high yield. Property prices sit below the state median ($195K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.2x is considered affordable. House prices have moved -9.3% year-on-year.