Belmore River is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 268, the suburb has a mature demographic with a median age of 51. Households earn a median income of $67K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Belmore River is $745,000, having grown strongly 6.6% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.2%. 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 7,195 incidents per 100,000 population.
From an investment perspective, Belmore River offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($745K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.1x is considered stretched. House prices have moved +6.6% year-on-year.
Belmore River is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 268, the suburb has a mature demographic with a median age of 51. Households earn a median income of $67K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Belmore River is $745,000, having grown strongly 6.6% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.2%. 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 7,195 incidents per 100,000 population.
From an investment perspective, Belmore River offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($745K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.1x is considered stretched. House prices have moved +6.6% year-on-year.