Located in New South Wales within the Mid-Coast local government area, Kimbriki is a small, quiet locality (postcode 2429). The area has roughly 156 residents and a settled, mature resident base, with a median age of 49. Households earn a median income of $63K per year, with an average household size of 2.5 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, labourers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Scottish.
Median house prices in Kimbriki stand at $801,000, having jumped by 55.4% over the last twelve months. The current median weekly rent is $435. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,733.
The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.8%, which reads as low yield. Property prices sit below the state median ($801K/$1.5M), which can point to relative value. The price-to-income ratio of 12.6x is considered stretched. House prices have moved +55.4% 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.