Kremnos is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 181, the suburb has a mature demographic with a median age of 53. Households earn a median income of $54K per year, with an average household size of 2.3 people. The most common occupations are managers, clerical & administrative, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Kremnos is $260,000, having dropped significantly 33.8% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 9.6%. 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 4,981 incidents per 100,000 population.
From an investment perspective, Kremnos offers a gross rental yield of 9.6%, rated as high yield. Property prices sit below the state median ($260K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved -33.8% year-on-year.
Kremnos is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 181, the suburb has a mature demographic with a median age of 53. Households earn a median income of $54K per year, with an average household size of 2.3 people. The most common occupations are managers, clerical & administrative, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Kremnos is $260,000, having dropped significantly 33.8% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 9.6%. 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 4,981 incidents per 100,000 population.
From an investment perspective, Kremnos offers a gross rental yield of 9.6%, rated as high yield. Property prices sit below the state median ($260K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved -33.8% year-on-year.