124 Newton Lane, Broken Hill NSW 2880
This property is Off Market
- Last sold 10/23/2024 for $180,000. The Average property price in this area is $222,207, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 341.28 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/24/2024 88 MORGAN ST $200,000
- 10/24/2024 95 WILLS ST $310,000
- 10/23/2024 32 WILLIAMS ST $60,000
- 10/23/2024 239 CHLORIDE ST $170,000
- 10/23/2024 222 KNOX ST $145,000
About Broken Hill
With an average age of 48, households expect an average monthly mortgage payment of $894 or a weekly rent payment of $220. The average family earns a weekly income of $1,489 with a typical household size of 2.2 and a 89.66% employment rate.
In Broken Hill there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Broken Hill is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Broken Hill leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Broken Hill the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Population
(Country of Birth not stated 19%)
Are people healthy?
There are a recorded 2431 asthma sufferers and 1846 people living with diabetes. In addition, 1566 people have a heart/vascular condition and 3045 people live with three or more chronic diseases.A good place to invest in property?
Broken Hill a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
13 / 100
31 / 100
Industry
15 / 100
22 / 100
Population
15 / 100
19 / 100
House Prices
29 / 100
60 / 100
Jobs
26 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsBroken Hill HS Burke Ward PS
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School of the Air
Broken Hill, NSW, 2880 State P-6 -
Sacred Heart Parish School
Broken Hill, NSW, 2880 Independent K-6 -
Morgan Street Public School
Broken Hill, NSW, 2880 State K-6 -
Railway Town Public School
Broken Hill, NSW, 2880 State K-6 -
Willyama High School
Broken Hill, NSW, 2880 State 7-12
Property Story
124 Newton Lane, Broken Hill, Nsw, 2880 is a residential property . The estimated distance to the sea is 341.28km and 0.03KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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