Gladstone is a sparsely populated locality in New South Wales within the Kempsey local government area (postcode 2440). It is home to about 437 residents, with a settled, mature resident base and a median age of 47. 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
The median house price in Gladstone is $525,000, having fallen sharply by 24.5% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,437.
Gladstone is served by 1 school, including 1 primary. The average ICSEA score is 1004, 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.
Looking at the investment signals, Gladstone shows a gross rental yield of approximately 4.6%, rated as moderate yield. Property prices sit below the state median ($525K/$1.5M), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved -24.5% 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.