Arakoon is a quiet locality in New South Wales within the Kempsey local government area (postcode 2431). With a population of 445, the suburb has an older demographic with a median age of 59. Households earn a median income of $69K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Arakoon is $730,000, having dropped significantly 37.9% over the past year. Units have a median price of $1.8 million (+242.9% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,733.
Public transport access includes 4 bus stops. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Arakoon offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($730K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -37.9% year-on-year.
Arakoon is a quiet locality in New South Wales within the Kempsey local government area (postcode 2431). With a population of 445, the suburb has an older demographic with a median age of 59. Households earn a median income of $69K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Arakoon is $730,000, having dropped significantly 37.9% over the past year. Units have a median price of $1.8 million (+242.9% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,733.
Public transport access includes 4 bus stops. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Arakoon offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($730K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -37.9% year-on-year.