Hat Head is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 365, the suburb has an older demographic with a median age of 60. Households earn a median income of $51K per year, with an average household size of 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, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in Hat Head is $1.1 million, having jumped by 24.3% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,860.
Public transport access includes 2 bus stops. 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 2.2% (low yield). Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 20.8x is considered stretched. House prices have moved +24.3% 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.