Summer Island is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 93, the suburb has an established demographic with a median age of 41. Households earn a median income of $109K per year, with an average household size of 3.1 people. The most common occupations are managers, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Summer Island is $910,000, having dropped significantly 25.1% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,752.
Public transport access includes 2 bus stops. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Summer Island offers a gross rental yield of 2.6%, rated as low yield. Property prices sit below the state median ($910K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.3x is considered moderate. House prices have moved -25.1% year-on-year.
Summer Island is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 93, the suburb has an established demographic with a median age of 41. Households earn a median income of $109K per year, with an average household size of 3.1 people. The most common occupations are managers, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Summer Island is $910,000, having dropped significantly 25.1% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,752.
Public transport access includes 2 bus stops. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Summer Island offers a gross rental yield of 2.6%, rated as low yield. Property prices sit below the state median ($910K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.3x is considered moderate. House prices have moved -25.1% year-on-year.