Located in New South Wales within the Kempsey local government area, Kempsey is a sparsely populated locality (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. 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 community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Aboriginal Australian.
Median house prices in Kempsey sit at $420,000, little changed on a year ago. Units have a median price of $943,000. The current median weekly rent is $460. This gives a gross rental yield of approximately 5.7%. 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 7,255 incidents per 100,000 population.
Looking at the investment signals, Kempsey shows a gross rental yield of approximately 5.7%, rated as high yield. Property prices sit below the state median ($420K/$1.5M), which can point to relative value. The price-to-income ratio of 9.2x is considered moderate. 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.