Hay South is a sparsely populated locality in New South Wales within the Hay local government area (postcode 2711). The area has roughly 357 residents and an older-leaning population, with a median age of 52. Households earn a median income of $73K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Irish.
The median house price in Hay South is $188,000, having climbed sharply by 47.6% over the past year. The current median weekly rent is $280. This gives a gross rental yield of approximately 7.8%. The median monthly mortgage repayment is $1,046.
Public transport access includes 4 bus stops. The crime rate in the Hay LGA is low at 0 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 7.8%, which reads as high yield. Property prices sit below the state median ($188K/$1.5M), which can point to relative value. The price-to-income ratio of 2.6x is considered affordable. House prices have moved +47.6% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.