Kundabung (postcode 2441) is a small community in New South Wales within the Kempsey local government area. It is home to about 616 residents, with a settled, mature resident base and a median age of 45. Households earn a median income of $75K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Kundabung stand at $980,000, having risen steeply by 18.1% over the last twelve months. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,670.
Public transport access includes 1 ferry wharf, 5 bus stops. The crime rate in the Kempsey LGA is moderate at 7,255 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.4% (low yield). Property prices sit below the state median ($980K/$1.5M), which can point to relative value. The price-to-income ratio of 13.0x is considered stretched. House prices have moved +18.1% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.