Peak Hill is a small community in New South Wales within the Parkes local government area (postcode 2869). With a population of 1,162, the suburb has a mature demographic with a median age of 48. Households earn a median income of $52K per year, with an average household size of 2.2 people. The most common occupations are managers, community & personal service, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Peak Hill is $350,000, having surged 69.1% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $814.
Peak Hill is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 832, which is well below the national average of 1,000. Public transport access includes 1 rail station, 60 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Parkes LGA is moderate at 6,069 incidents per 100,000 population.
From an investment perspective, Peak Hill offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($350K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +69.1% year-on-year.
Peak Hill is a small community in New South Wales within the Parkes local government area (postcode 2869). With a population of 1,162, the suburb has a mature demographic with a median age of 48. Households earn a median income of $52K per year, with an average household size of 2.2 people. The most common occupations are managers, community & personal service, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Peak Hill is $350,000, having surged 69.1% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $814.
Peak Hill is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 832, which is well below the national average of 1,000. Public transport access includes 1 rail station, 60 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Parkes LGA is moderate at 6,069 incidents per 100,000 population.
From an investment perspective, Peak Hill offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($350K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +69.1% year-on-year.