Broken Hill tops property rental yields at 10 percent

Broken Hill tops property rental yields at 10 percent
Broken Hill tops property rental yields at 10 percent

Broken Hill tops CoreLogic RP Data's latest list for top NSW investor rental yields.

Median Gross Yield

Suburb median rent Gross Yield
Broken Hill $230 10.1%
Cobar $280 9.1%
Tuross Head $580 8.6%
West Wyalong $240 8.5%
Malua Bay $700 8.2%
Condobolin $238 8.0%
Darlington Point $228 7.9%
Wellington $210 7.8%

Property Observer profiles Broken Hill in NSW from a rental perspective.

The median sale price of a house in Broken Hill was $118,000, compared with a national average of $485,000. 

The median price change over one year was 10.50 percent.

While median rent was $230pw against a national average of $395, the median gross yield was 10.1 percent.

Property Observer went looking for dwellings around the median price up for rent or rented and came up with these: 

Broken Hill tops property rental yields at 10 percent 

1. A furnished three-bedroom house at 10 King Street (above) is up for rent for $250 pw, at a rental yield of about 13 percent. This property sold for $99,000 in June 2015.

Broken Hill tops property rental yields at 10 percent

 

2. A two-bedroom house at 49 Bonanza Street (above) has a rental of $240 pw. This one sold way back in 2004 for $55,000, according to CoreLogic RP Data.

Broken Hill tops property rental yields at 10 percent

3. A three-bedroom house at 628 Argent Street (above) matches the median rental of $230 pw, and yields 13.3 percent. This one last traded for $90,000 in 2014.

Broken Hill tops property rental yields at 10 percent

 

4. A three-bedroom house at 38 Cummins Street (above) is also available for $230 pw. The last sale price for the property was $142,000 back in 2005.

Broken Hill tops property rental yields at 10 percent

 

5. Another three-bedroom house at 627 Chapple Lane (above) is available for $220 pw. This last traded price for this property was $35,500 in 2003, CoreLogic RP Data shows.

 

Tags: 
Residential Market Broken Hill

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