Verges Creek is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 298, the suburb has a mature demographic with a median age of 46. Households earn a median income of $79K per year, with an average household size of 2.9 people. The most common occupations are sales, managers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Verges Creek is $813,000, having surged 93.2% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,600.
Public transport access includes 5 rail stations. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Verges Creek offers a gross rental yield of 2.9%, rated as low yield. Property prices sit below the state median ($813K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.2x is considered stretched. House prices have moved +93.2% year-on-year.
Verges Creek is a quiet locality in New South Wales within the Kempsey local government area (postcode 2440). With a population of 298, the suburb has a mature demographic with a median age of 46. Households earn a median income of $79K per year, with an average household size of 2.9 people. The most common occupations are sales, managers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Verges Creek is $813,000, having surged 93.2% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,600.
Public transport access includes 5 rail stations. The crime rate in the Kempsey LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Verges Creek offers a gross rental yield of 2.9%, rated as low yield. Property prices sit below the state median ($813K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.2x is considered stretched. House prices have moved +93.2% year-on-year.