Kars Springs is a quiet locality in New South Wales within the Upper Hunter Shire local government area (postcode 2337). With a population of 37, the suburb has a mature demographic with a median age of 49. Households earn a median income of $91K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Kars Springs is $448,000, having dropped significantly 11.4% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $1,649.
Public transport access includes 3 bus stops. The crime rate in the Upper Hunter Shire LGA is below average at 3,250 incidents per 100,000 population.
From an investment perspective, Kars Springs offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($448K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -11.4% year-on-year.
Kars Springs is a quiet locality in New South Wales within the Upper Hunter Shire local government area (postcode 2337). With a population of 37, the suburb has a mature demographic with a median age of 49. Households earn a median income of $91K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Kars Springs is $448,000, having dropped significantly 11.4% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $1,649.
Public transport access includes 3 bus stops. The crime rate in the Upper Hunter Shire LGA is below average at 3,250 incidents per 100,000 population.
From an investment perspective, Kars Springs offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($448K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -11.4% year-on-year.