Corangula is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 22, the suburb has an older demographic with a median age of 62. Households earn a median income of $58K per year, with an average household size of 2.2 people. The top ancestries reported are English, Australian.
The median house price in Corangula is $655,000, having surged 24.2% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,482.
The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Corangula offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($655K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.2x is considered stretched. House prices have moved +24.2% year-on-year.
Corangula is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 22, the suburb has an older demographic with a median age of 62. Households earn a median income of $58K per year, with an average household size of 2.2 people. The top ancestries reported are English, Australian.
The median house price in Corangula is $655,000, having surged 24.2% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,482.
The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Corangula offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($655K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.2x is considered stretched. House prices have moved +24.2% year-on-year.