Old Station (postcode 2440) is a small, quiet locality in New South Wales within the Kempsey local government area. With a population of 32, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $61K 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, managers, community & personal service. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Scottish, Australian.
The median house price in Old Station is $825,000, broadly unchanged over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,037.
Public transport access includes 1 rail station. The crime rate in the Kempsey LGA is moderate at 7,255 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.9% (low yield). Property prices sit below the state median ($825K/$1.5M), which can point to relative value. The price-to-income ratio of 13.6x is considered stretched. House prices have moved +0.0% 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.