Belmore River is a sparsely populated locality in New South Wales within the Kempsey local government area (postcode 2440). It is home to about 268 residents, with a mature demographic and a median age of 51. Households earn a median income of $67K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, technicians & trades. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Australian, Irish.
Belmore River has a median house price of $800,000, which has posted strong gains by 7% year-on-year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,300.
Public transport access includes 3 bus stops. The crime rate in the Kempsey LGA is moderate at 7,255 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.0%, which reads as low yield. Property prices sit below the state median ($800K/$1.5M), which can point to relative value. The price-to-income ratio of 11.9x is considered stretched. House prices have moved +7.0% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.