Located in New South Wales within the Kempsey local government area, Smithtown is a small community (postcode 2440). It is home to about 625 residents, with an established family demographic and a median age of 43. Households earn a median income of $61K per year, with an average household size of 2.4 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 manufacturing. The top ancestries reported are English, Australian, Irish.
Smithtown has a median house price of $440,000, which has fallen by 7.4% year-on-year. The current median weekly rent is $460. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,244.
Smithtown is served by 1 school, including 1 primary. The average ICSEA score is 885, which is well below the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Kempsey LGA is moderate at 7,255 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 5.4% (high yield). Property prices sit below the state median ($440K/$1.5M), which can point to relative value. The price-to-income ratio of 7.2x is considered moderate. House prices have moved -7.4% 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.