Broken Hill – Australia’s Most Affordable Regional Area

Broken Hill has been tipped as the country’s most affordable regional area, according to RP Data.

An analysis by the research company identified 10 country towns where houses have the lowest median price.

Broken Hill, located in the far west of New South Wales, took out the top spot with a median value of just $149,811.

According to the figures, the resources-driven town has seen a strong performance over the past decade with average annual growth coming to 11 per cent per annum.

Meanwhile, in the rental market, investors can see gross rental returns of over 9.2 per cent. Read more at Real Estate Business Online.

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