Crescent Head is a small locality in New South Wales within the Kempsey local government area (postcode 2440). The area has roughly 1,633 residents and a settled, mature resident base, with a median age of 50. Households earn a median income of $68K 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 +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 professionals, technicians & trades, managers. Employment in the area leans toward education and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Crescent Head is $1.0 million, having declined steeply by 14.7% over the past year. Units have a median price of $590,000 (-10.8% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,591.
Crescent Head is served by 1 school, including 1 primary. The average ICSEA score is 987, which is around the national average of 1,000. Public transport access includes 7 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 2.3%, which reads as low yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 15.0x is considered stretched. House prices have moved -14.7% 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.