Kelvin (postcode 2380) is a quiet locality in New South Wales within the Gunnedah local government area. With a population of 182, the suburb has an established family demographic with a median age of 43. Households earn a median income of $94K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, professionals, clerical & administrative. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Kelvin stand at $1.3 million, having risen steeply by 136.6% over the last twelve months. The current median weekly rent is $540. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,180.
Public transport access includes 8 bus stops. The crime rate in the Gunnedah LGA is moderate at 6,777 incidents per 100,000 population.
Looking at the investment signals, Kelvin shows a gross rental yield of approximately 2.1%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 14.1x is considered stretched. House prices have moved +136.6% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.