Located in New South Wales within the Kempsey local government area, Grassy Head is a quiet locality (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. 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 managers, community & personal service, professionals. Employment in the area leans toward education and manufacturing. The top ancestries reported are English, Australian, Irish.
The median house price in Grassy Head is $330,000, broadly unchanged over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 7.1%. 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 7,255 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 7.1% (high yield). Property prices sit below the state median ($330K/$1.5M), which can point to relative value. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +0.0% 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.