Hay is a smaller suburb in New South Wales within the Hay local government area (postcode 2711). With a population of 2,300, the suburb has a mature demographic with a median age of 47. Households earn a median income of $60K per year, with an average household size of 2.2 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Hay is $350,000, having surged 38.6% over the past year. Units have a median price of $160,000 (+25.8% YoY). The current median weekly rent is $275. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $867.
Hay is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 933, which is below the national average of 1,000. Public transport access includes 5 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Hay LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Hay offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($350K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +38.6% year-on-year.
Hay is a smaller suburb in New South Wales within the Hay local government area (postcode 2711). With a population of 2,300, the suburb has a mature demographic with a median age of 47. Households earn a median income of $60K per year, with an average household size of 2.2 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Hay is $350,000, having surged 38.6% over the past year. Units have a median price of $160,000 (+25.8% YoY). The current median weekly rent is $275. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $867.
Hay is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 933, which is below the national average of 1,000. Public transport access includes 5 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Hay LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Hay offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($350K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +38.6% year-on-year.