Kiama Downs (postcode 2533) is a mid-sized suburb in New South Wales within the Kiama local government area. The area has roughly 5,087 residents and an established demographic, with a median age of 43. Households earn a median income of $109K 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 -0.1% 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 professionals, technicians & trades, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Kiama Downs is $1.3 million, having risen by 2.3% over the past year. Units have a median price of $725,000 (+7.4% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,200.
Public transport access includes 62 bus stops. The crime rate in the Kiama LGA is low at 1,682 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.0%, which reads as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 12.1x is considered stretched. House prices have moved +2.3% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.