Kempsey is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 483, the suburb has an established demographic with a median age of 43. Households earn a median income of $46K per year, with an average household size of 2 people. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Kempsey is $60,000, having dropped significantly 86.3% over the past year. Units have a median price of $310,000 (+37.8% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 39.9%. The median monthly mortgage repayment is $1,170.
Kempsey is served by 5 schools, including 2 primary, 2 secondary, 1 combined. The average ICSEA score is 858, which is well below the national average of 1,000. Public transport access includes 1 rail station, 12 bus stops. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Kempsey offers a gross rental yield of 39.9%, rated as high yield. Property prices sit below the state median ($60K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.3x is considered affordable. House prices have moved -86.3% year-on-year.
Kempsey is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 483, the suburb has an established demographic with a median age of 43. Households earn a median income of $46K per year, with an average household size of 2 people. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Kempsey is $60,000, having dropped significantly 86.3% over the past year. Units have a median price of $310,000 (+37.8% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 39.9%. The median monthly mortgage repayment is $1,170.
Kempsey is served by 5 schools, including 2 primary, 2 secondary, 1 combined. The average ICSEA score is 858, which is well below the national average of 1,000. Public transport access includes 1 rail station, 12 bus stops. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Kempsey offers a gross rental yield of 39.9%, rated as high yield. Property prices sit below the state median ($60K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.3x is considered affordable. House prices have moved -86.3% year-on-year.