Broken Hill (postcode 2880) is a settled mid-to-large suburb in New South Wales within the Broken Hill local government area. The area has roughly 17,706 residents and an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and mining. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Broken Hill is $262,000, having risen steeply by 21.2% over the past year. Units have a median price of $258,000 (-14.2% YoY). The current median weekly rent is $350. This gives a gross rental yield of approximately 7.0%. 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 7,853 incidents per 100,000 population.
Looking at the investment signals, Broken Hill shows a gross rental yield of approximately 7.0%, rated as high yield. Property prices sit below the state median ($262K/$1.5M), which can point to relative value. The price-to-income ratio of 4.3x is considered affordable. House prices have moved +21.2% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.