Hay, NSW
OVERVALUED2,455 sales · 36 years of data · NSW, Australia
Hay, NSW Property Market Overview
Hay, NSW, postcode 2711, presents a unique property market within regional New South Wales. With 36 years of recorded sales data encompassing 2,455 transactions, Hay provides a substantial historical perspective on property trends. The current median property price across all types sits at $269,000, with houses slightly higher at $270,000 and apartments considerably lower at $102,500.
Hay's property market offers a mix of affordability and historical growth. Its long-term performance, combined with its location in regional NSW, makes it a noteworthy area for property market analysis. The availability of both houses and apartments, albeit with a small percentage of strata properties, provides a diverse range of options for potential buyers.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Hay
Top streets in Hay, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Hatty St | $375,000 |
| 2 | Church St | $279,000 |
| 3 | Leonard St | $250,000 |
| 4 | Macauley St | $247,500 |
... and 202 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Waradgery Pl | $348/m² |
| 2 | Lachlan St | $417/m² |
| 3 | Cadell St | $257/m² |
| 4 | Pine St | $263/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Orson St | +4.1% |
| 2 | Cadell St | +5.7% |
| 3 | Macauley St | +9.0% |
| 4 | Moppett St | +9.6% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Hay analysis
206 streets and 6 buildings to explore
Trusted by 100+ property investors across NSW
Nearby Suburbs to Hay
Hay at a Glance
Hay, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Hay, NSW
Hay offers a relaxed, rural lifestyle in the Riverina region of NSW. The town provides essential amenities, including Hay War Memorial High School and Hay Public School, catering to families with children. Local shopping options are available along Lachlan Street, the main thoroughfare.
For recreation, residents can enjoy the open spaces of Hay Park and the Murrumbidgee River, which flows nearby. The community in Hay is known for its friendly and welcoming atmosphere, reflecting the close-knit nature of a regional town. While Hay doesn't have a train station, it is serviced by bus routes connecting it to other regional centres. The vibe is laid back, with a focus on outdoor activities and community events.
Hay is a service centre for the surrounding agricultural district. This creates a stable local economy, supporting the town's amenities and contributing to its character.
Who Buys in Hay?
The buyer profile in Hay is likely diverse, reflecting the range of property types and prices. The relatively low median apartment price of $102,500 may attract first home buyers or investors seeking affordable entry points. The higher median house price of $270,000 suggests appeal to families looking for more spacious living.
Given the low strata percentage, families seeking traditional homes are more likely to be drawn to Hay. The historical CAGR figures may appeal to investors looking for long-term growth potential, while the regional location might suit those seeking a quieter lifestyle or retirement options.
Market Analysis
Currently, Hay's property market cycle is positioned above its long-term trend, indicating that it's in overvalued territory. This suggests that property prices in Hay, as of early 2026, are higher than what historical trends would predict.
The current cycle position implies that buyers entering the Hay market now may be paying a premium compared to historical averages. It's important to analyse historical data and compare current prices with long-term trends to understand the potential risks and opportunities associated with buying in Hay at this time.
Is Hay a Good Investment?
Analysing Hay's property market reveals a history of consistent, albeit moderate, growth. The full-period CAGR of 2.1% reflects long-term appreciation, while the more recent 10-year CAGR of 6.7% indicates accelerated growth in the past decade. These figures suggest that Hay has the potential for capital appreciation over time.
Currently, Hay's property market is positioned above its long-term trend. This implies that property values are elevated compared to historical averages. Observing historical growth patterns and comparing current prices to long-term trends is essential for understanding the dynamics of the Hay property market. Understanding these factors is crucial for anyone considering buying property in Hay.
Hay Market Outlook
As of early 2026, Hay's property market is positioned above its long-term trend. Recent price trends have contributed to this cycle position. It is important to monitor future market dynamics to determine if this trend continues or if prices adjust closer to historical averages. The market conditions in Hay require careful consideration.
Streets & Location in Hay, NSW
Hay, postcode 2711, features a diverse range of residential streets. Among the streets with higher median property prices are Pine Street, Church Street, and Cadell Street. These streets may offer desirable amenities or larger properties contributing to their higher values.
With a total of 206 streets in Hay, the suburb provides a mix of established residential areas and potentially newer developments. Its location within regional NSW influences its property market dynamics and appeal.
Market Dynamics
Market transaction patterns in Hay reveal an average settlement timeframe of 40 days. This indicates a relatively efficient process from offer acceptance to final settlement. The 'quick-flip percentage' data is not available, preventing analysis of short-term trading activity in Hay.
The settlement timeframe provides insight into the efficiency of the property market in Hay. Further data on investor activity and property turnover would offer a more comprehensive understanding of market dynamics.
Development & Density
Hay exhibits a relatively low development density, characterised by a small number of apartment buildings. With only 6 apartment buildings in the suburb, the housing composition is overwhelmingly dominated by detached houses.
The low strata percentage of 1.4% further underscores the prevalence of houses in Hay. This housing composition trend suggests a preference for traditional family homes and a limited supply of higher-density living options.
Growth & Property Mix
Hay's property market has demonstrated varying growth rates over different periods. The 10-year Compound Annual Growth Rate (CAGR) stands at 6.7%, indicating strong recent growth. Over a longer 20-year period, the CAGR is 3.2%. The full-period CAGR, encompassing all 36 years of data, is 2.1%. The property mix in Hay is predominantly houses, with a small percentage of apartments (1.4% strata title).
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.