Broken Hill CityEconomic profile
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Broken Hill City

Rental listings

At June 2017, Broken Hill City had a median house rental of $230, $220 lower than the median house rental for New South Wales.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Automated Valuation System

Rental listings
Broken Hill City20172013Change
Housing value (at June)Broken Hill CityNew South WalesBroken Hill City relative to New South WalesBroken Hill CityNew South WalesBroken Hill City relative to New South Wales2013 to 2017
House--------------
First Quartile$195$360-45.8%$190$330-42.4%+$5
Median$230$450-48.9%$230$415-44.6%0
Third Quartile$291$600-51.5%$280$570-50.9%+$11
Median Rental Yield10.3%3.7%--8.2%5.1%----
Unit--------------
First Quartile$150$360-58.3%$155$320-51.6%-$5
Median$170$470-63.8%$160$420-61.9%+$10
Third Quartile$208$600-65.3%$253$550-54.0%-$45
Median Rental Yield3.6%4.0%--10.7%5.3%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, New South Wales: $600 Median, New South Wales: $470 First Quartile, New South Wales: $360 Third Quartile, New South Wales: $600 Median, New South Wales: $450 First Quartile, New South Wales: $360 Third Quartile, Broken Hill City: $208 Median, Broken Hill City: $170 First Quartile, Broken Hill City: $150 Third Quartile, Broken Hill City: $291 Median, Broken Hill City: $230 First Quartile, Broken Hill City: $195
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, New South Wales: $50 Median, New South Wales: $50 First Quartile, New South Wales: $40 Third Quartile, New South Wales: $30 Median, New South Wales: $35 First Quartile, New South Wales: $30 Third Quartile, Broken Hill City: $-45 Median, Broken Hill City: $10 First Quartile, Broken Hill City: $-5 Third Quartile, Broken Hill City: $11 Median, Broken Hill City: $0 First Quartile, Broken Hill City: $5
Source: Hometrack 2011-2016, Automated Valuation System

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