Located in New South Wales within the Kempsey local government area, West Kempsey is a moderately sized suburb (postcode 2440). With a population of 5,073, the suburb has an established family demographic with a median age of 40. Households earn a median income of $48K per year, with an average household size of 2.3 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 community & personal service, labourers, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in West Kempsey is $410,000, having fallen sharply by 13% over the past year. Units have a median price of $297,000 (+2.1% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $1,170.
West Kempsey is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 874, which is well below the national average of 1,000. Public transport access includes 60 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Kempsey LGA is moderate at 7,255 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 5.8% (high yield). Property prices sit below the state median ($410K/$1.5M), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -13.0% 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.