Mungay Creek is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 133, the suburb has an established demographic with a median age of 43. Households earn a median income of $66K per year, with an average household size of 2.7 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Mungay Creek is $800,000, having surged 86% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,430.
Public transport access includes 3 bus stops. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Mungay Creek offers a gross rental yield of 3.0%, rated as low yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.2x is considered stretched. House prices have moved +86.0% year-on-year.
Mungay Creek is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 133, the suburb has an established demographic with a median age of 43. Households earn a median income of $66K per year, with an average household size of 2.7 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Mungay Creek is $800,000, having surged 86% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,430.
Public transport access includes 3 bus stops. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Mungay Creek offers a gross rental yield of 3.0%, rated as low yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.2x is considered stretched. House prices have moved +86.0% year-on-year.