Turners Flat is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 169, the suburb has an established demographic with a median age of 43. Households earn a median income of $93K per year, with an average household size of 3 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Turners Flat is $725,000, having dropped significantly 15.6% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,647.
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, Turners Flat offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($725K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -15.6% year-on-year.
Turners Flat is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 169, the suburb has an established demographic with a median age of 43. Households earn a median income of $93K per year, with an average household size of 3 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Turners Flat is $725,000, having dropped significantly 15.6% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,647.
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, Turners Flat offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($725K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -15.6% year-on-year.