What is the true cost of buying an apartment in Hay?

The median apartment in Hay is $125,000. Including stamp duty ($2,545), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $20,084, or $1,674/month.

What does it really cost to buy a house in Hay?

The median house in Hay is $185,000. True first-year cost including stamp duty ($4,645), rates, insurance, maintenance, and mortgage repayments is approximately $17,245.

What is the vacancy rate in Hay?

Hay currently has a vacancy rate of 2.8%. Properties average 125 days on market.

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True Cost of Buying in Hay

2711 NSW · 729km to CBD

Stable

A decision, not just a search · Hay

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Hay is a rural town in the Riverina region of New South Wales, serving as the administrative center of Hay Shire Council. Located approximately 729km southwest of Sydney at the intersection of Sturt Highway and Cobb Highway, Hay maintains its identity as a strong agricultural and pastoral community. The town offers essential services including Hay District Hospital, Hay War Memorial High School, and Hay Public School, alongside recreational facilities like golf and bowling clubs. The property market is characterized by affordable housing with detached houses on larger blocks dominating the landscape. With a stable population typical of rural NSW towns and a median age higher than the state average, Hay attracts residents seeking a quieter lifestyle connected to agriculture and rural industries. The town benefits from rail connectivity on the Melbourne-Sydney line and NBN broadband infrastructure, though public transport within town is limited. Annual events including the Hay Show and agricultural field days strengthen community bonds and celebrate the region's farming heritage.

Affordable housing market with larger block sizesStrategic location on major highway intersectionStrong agricultural and pastoral economyEssential services including hospital and schoolsRail connectivity between Melbourne and Sydney

Market Snapshot

Median House

$185K

+2.8% 1yr

Median Apartment

$125K

+1.5% 1yr

Median Townhouse

—

Vacancy Rate

2.8%

125 avg DOM

Yield (Apartment)

6.8%

Yield (House)

5.2%

Auction Clearance

45%

Population

2,847

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$1,674/mo

Purchase Price

$125,000

Stamp Duty

$2,545

1st Year Total

$20,084

House

$1,437/mo

Purchase Price

$185,000

Stamp Duty

$4,645

1st Year Total

$17,245

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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