Kremnos (postcode 2460) is a sparsely populated locality in New South Wales within the Clarence Valley local government area. With a population of 181, the suburb has a settled, mature resident base with a median age of 53. Households earn a median income of $54K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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, clerical & administrative, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
Median house prices in Kremnos stand at $360,000, having declined steeply by 58.1% over the last twelve months. The current median weekly rent is $500. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $1,205.
Public transport access includes 14 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
From an investment perspective, Kremnos shows a gross rental yield of approximately 7.2%, rated as high yield. Property prices sit below the state median ($360K/$1.5M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -58.1% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.