Skillion Flat is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 93, the suburb has a mature demographic with a median age of 49. Households earn a median income of $81K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Skillion Flat is $320,000, having dropped significantly 55.1% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 7.5%. The median monthly mortgage repayment is $1,300.
Public transport access includes 1 bus stop. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Skillion Flat offers a gross rental yield of 7.5%, rated as high yield. Property prices sit below the state median ($320K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.9x is considered affordable. House prices have moved -55.1% year-on-year.
Skillion Flat is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 93, the suburb has a mature demographic with a median age of 49. Households earn a median income of $81K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Skillion Flat is $320,000, having dropped significantly 55.1% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 7.5%. The median monthly mortgage repayment is $1,300.
Public transport access includes 1 bus stop. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Skillion Flat offers a gross rental yield of 7.5%, rated as high yield. Property prices sit below the state median ($320K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.9x is considered affordable. House prices have moved -55.1% year-on-year.