Kiama is a mid-sized suburb in New South Wales within the Kiama local government area (postcode 2533). With a population of 7,904, the suburb has a mature demographic with a median age of 52. Households earn a median income of $82K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Kiama is $1.2 million, having dropped significantly 14.3% over the past year. Units have a median price of $912,000 (-8.8% YoY). The current median weekly rent is $728. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,167.
Kiama is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1068, which is above the national average of 1,000. Public transport access includes 1 rail station, 48 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Kiama LGA is low at 1,670 incidents per 100,000 population.
From an investment perspective, Kiama offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.7x is considered stretched. House prices have moved -14.3% year-on-year.
Kiama is a mid-sized suburb in New South Wales within the Kiama local government area (postcode 2533). With a population of 7,904, the suburb has a mature demographic with a median age of 52. Households earn a median income of $82K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Kiama is $1.2 million, having dropped significantly 14.3% over the past year. Units have a median price of $912,000 (-8.8% YoY). The current median weekly rent is $728. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,167.
Kiama is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1068, which is above the national average of 1,000. Public transport access includes 1 rail station, 48 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Kiama LGA is low at 1,670 incidents per 100,000 population.
From an investment perspective, Kiama offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.7x is considered stretched. House prices have moved -14.3% year-on-year.