Peak Hill, located in the Parkes Shire of New South Wales, offers a unique picture of the housing market that reflects both its rural charm and affordability. Unlike bustling metropolitan areas, Peak Hill provides a more relaxed pace of life, which is mirrored in its housing market. Homes here tend to be more affordable, appealing to families, retirees, and those seeking a quieter way of living. The styles of housing typically range from classic, older-style homes to more modern constructions, although availability can vary. The recent trends indicate a stable market with modest growth, making it an attractive option for first-time homebuyers or investors looking for promising regional locations. The affordability factor is significant, as it allows residents to enjoy spacious properties without the financial burden often associated with city living.
Living in Peak Hill comes with the perks of a friendly, close-knit community that values its rich history and natural surroundings. The town is known for its heritage sites and gold mining history, offering residents and visitors alike a glimpse into its storied past. Daily life in Peak Hill is characterized by a strong sense of community, where locals often gather at community events and support each other, fostering a welcoming atmosphere. The town offers essential services, shops, and schools, making it convenient for families. Plus, with the larger towns of Parkes and Dubbo not too far away, Peak Hill residents have access to broader amenities and job opportunities, creating an ideal balance of rural tranquility and urban accessibility.
| Median Weekly Rent | $190.33 |
| Median Monthly Mortgage | $703.00 |
| Median Persons Per bed houseroom | 0.73 |
| Average Household Size | 2.00 |
| Average Age | 46.67 |
| Average Income | $475.33 |
| Average Cars Per Dwelling | 1.68 |
| Average Properties Within 50M | 5 |
| Typical 1 bed house | $210,000 |
| Typical 2 bed house | $205,000 |
| Typical 3 bed house | $377,000 |
| Typical 4 bed house | $530,000 |
| Typical 5 bed house | $272,000 |
| Typical 6 bed+ house | $410,000 |
Housing Stock
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Thinking about buying in Peak Hill? Now could not be a better time, with 934 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $281,000 with prices in this suburb ranging from $18,000 to $4,905,000. The aproximate distance to the coast is 272 Km.
In Peak 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Peak Hill due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Peak 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Instant Property ValuationSt Joseph's Primary School
Peak Hill Central School
(While the above schools are located with the suburb of Peak Hill there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.2 | 24.9 | 38.7 | 17.1 | 50.3 | 4.9 | 27.4 |
| Feb | 1.1 | 24.4 | 38.0 | 17.5 | 48.5 | 4.6 | 25.8 |
| Mar | 0.8 | 22.1 | 35 | 20.2 | 52.7 | 4.5 | 22.5 |
| Apr | 0.2 | 17.5 | 30.2 | 22.0 | 56.8 | 4.0 | 18.2 |
| May | 0.3 | 12.1 | 24.5 | 25.7 | 69.1 | 3.8 | 15.0 |
| Jun | 0.5 | 9.0 | 20.8 | 30.0 | 75.2 | 3.8 | 13.0 |
| Jul | 0.4 | 7.4 | 20.1 | 29.4 | 78.4 | 3.6 | 14.3 |
| Aug | 0.1 | 9.6 | 23.1 | 20.7 | 64.6 | 4.3 | 17.0 |
| Sept | 0.0 | 11.8 | 26.8 | 15.2 | 56.5 | 4.5 | 22.5 |
| Oct | 0.1 | 16.5 | 31.5 | 12.4 | 44.8 | 4.4 | 26.4 |
| Nov | 0.6 | 19.8 | 34.5 | 12.8 | 50.0 | 4.8 | 28.6 |
| Dec | 1.3 | 23.3 | 37.7 | 13.3 | 45.4 | 4.7 | 29 |
source: Australian Government Bureau of Meteorology
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