Mungay Creek (postcode 2440) is a sparsely populated locality in New South Wales within the Kempsey local government area. The area has roughly 133 residents and 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. 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 labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Irish.
Mungay Creek has a median house price of $758,000, which has jumped by 30.6% year-on-year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.2%. 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 7,255 incidents per 100,000 population.
From an investment perspective, Mungay Creek shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices sit below the state median ($758K/$1.5M), which can point to relative value. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +30.6% 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.