Research only. Not financial advice. Data: Q1 2025 indicative estimates from public sources. Verify independently.
Broken Hill offers a materially higher gross yield (6.7% vs 5.0%), making it the stronger income candidate at current prices. Broken Hill achieves positive cashflow without negative gearing support, while Shepparton requires additional tax offset or rental growth to break even.
Research context only. Not financial advice. Both markets carry distinct risks specific to their location, employment base, and economic profile. Read the individual suburb research pages before drawing conclusions. All policy references reflect proposed changes subject to final legislation.
| Metric | Broken Hill NSW · #5 | Shepparton VIC · #19 |
|---|---|---|
| Gross Yield | 6.7% | 5.0% |
| Vacancy Rate | 1% | 1.4% |
| Median Price | $235k | $468k |
| Weekly Rent | $300/wk | $450/wk |
| Net pre-costs pa | +$3,380 | $-936 |
| Cashflow | Positive | Near-Positive |
| Rent Growth 12m | +5.5% | +5% |
| Price Growth 12m | +6% | +5.5% |
| NG Dependence | None | Low |
| Discovery Status | Unknown | Known |
| Population | 18k | 64k |
| Cycle Stage | Early | Early-Mid |
| Policy Impact | ▲ STRONG UPGRADE | ▲ UPGRADED |
| Signal Score | 70 / Tier 1 | 54 / Tier 2 |
6.7% yield at $235k, the highest yield-to-price ratio in the scan. The Far West NSW REZ (2.3GW) is creating permanent construction and operational jobs in a town that was in structural decline. Cashflow positive by $3,380/year. Discovery status 'Unknown': no institutional awareness of the REZ catalyst yet.
5.0% yield on a 64,000-population city with Australia's largest tomato processing facility and a $400M hospital rebuild underway. The Food Valley precinct is creating permanent food-tech employment. Rent growth +5.0% will push to cashflow-positive within 18 months.
CoreLogic NSW Q1 2025 · REINSW Broken Hill Q4 2024 · SQM Research postcode 2880 · NSW Government Far West REZ project register 2024 · AGL/Transgrid REZ development update · BHP Broken Hill operations data
Data vintage: Q1 2025
CoreLogic VIC Q1 2025 · REI Victoria Shepparton Q4 2024 · SQM Research · GV Health project update 2024 · Kagome Australia operations report · Greater Shepparton City Council economic data 2024
Data vintage: Q1 2025
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Research only. Not financial advice. Data vintage Q1 2025 (indicative estimates from public sources). Verify all metrics independently with local property managers and licensed advisers before making any investment decision. All negative gearing and budget policy references reflect proposed changes subject to final legislation. Consult a registered tax adviser for personal tax position.