Located in New South Wales within the Kempsey local government area, Turners Flat is a quiet locality (postcode 2440). It is home to about 169 residents, with a settled mid-life population and a median age of 43. Households earn a median income of $93K per year, with an average household size of 3 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 technicians & trades, community & personal service, labourers. Employment in the area leans toward construction and wholesale trade. The top ancestries reported are Australian, English, Irish.
The median house price in Turners Flat is $860,000, having surged by 86.8% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.8%. 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 7,255 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.8% (low yield). Property prices sit below the state median ($860K/$1.5M), which can point to relative value. The price-to-income ratio of 9.3x is considered moderate. House prices have moved +86.8% 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.