Grassy Head is a quiet locality in New South Wales within the Kempsey local government area (postcode 2441). With a population of 85, the suburb has an older demographic with a median age of 59. Households earn a median income of $58K per year, with an average household size of 2.2 people. The most common occupations are managers, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Grassy Head is $1.4 million, having dropped significantly 25% over the past year. The current median weekly rent is $528. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,650.
Public transport access includes 1 bus stop. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Grassy Head offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 23.1x is considered stretched. House prices have moved -25.0% year-on-year.
Grassy Head is a quiet locality in New South Wales within the Kempsey local government area (postcode 2441). With a population of 85, the suburb has an older demographic with a median age of 59. Households earn a median income of $58K per year, with an average household size of 2.2 people. The most common occupations are managers, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Grassy Head is $1.4 million, having dropped significantly 25% over the past year. The current median weekly rent is $528. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,650.
Public transport access includes 1 bus stop. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Grassy Head offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 23.1x is considered stretched. House prices have moved -25.0% year-on-year.