Toorooka is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 47, the suburb has an older demographic with a median age of 58. Households earn a median income of $40K per year, with an average household size of 2.2 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 managers, community & personal service, machinery operators & drivers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Scottish.
The median house price in Toorooka is $380,000, having declined steeply by 15.6% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 6.3%. The median monthly mortgage repayment is $900.
Public transport access includes 6 bus stops. The crime rate in the Kempsey LGA is moderate at 7,255 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.3%, which reads as high yield. Property prices sit below the state median ($380K/$1.5M), which can point to relative value. The price-to-income ratio of 9.6x is considered moderate. House prices have moved -15.6% 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.