Suburb Profile Report for East Kempsey NSW (2440)

East Kempsey House: Median price $295,000, Annual capital growth 2.37%, Number of sales 25, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

If you compare the increase in value of investment property in East Kempsey, 2440 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -7.67%.

Across a shorter period, East Kempsey, 2440 has seen a median price increase of 1.72% over the last quarter.

Sellers are offering property buyers an average discount of -4.10% to buyers in East Kempsey at the moment, which is less than average for the rest of NSW.

At number 725 in a list of fastest selling suburbs, East Kempsey is in the TOP 20% of suburbs in Australia with an average of days on market 57.45 for properties listed there.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 5.82%, without taking into account capital value appreciation, which has been averaging out at 2.37%.

Metrics i HOUSE UNIT
$295,000 N/A
1.72% N/A
-7.67% N/A
2.37% N/A
$330 N/A
25 N/A
5.82% N/A
57.45 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1319
Median household income ($/weekly) 783
Median age of persons 38
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 163 12.3
    25-34 years 153 11.6
    35-44 years 133 10.1
    45-54 years 168 12.7
    55-64 years 185 14.0
    Others 518 39.2
    Age Group
    Census Count Percent(%)
    Not Married 466 49.1
    Registered Married 370 38.9
    Defacto Relationship 114 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1183 94.0
    Papua New Guinea 9 0.7
    United Kingdom 27 2.1
    United States of America 8 0.6
    Other 11 0.9
    Others 20 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 946 77.6
    No Religion 249 20.4
    Buddhism 14 1.1
    Other Religious Groups 10 0.8
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 61 12.2
    $400-$599 79 15.8
    $600-$799 68 13.6
    $800-$999 57 11.4
    $1,000-$1,249 46 9.2
    Others 189 37.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 436 43.6
    Employed, worked full-time 285 28.5
    Employed, worked part-time 193 19.3
    Unemployed, looking for work 56 5.6
    Employed, away from work 30 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 81 15.9
    Technicians & trades workers 67 13.2
    Community & personal service workers 74 14.6
    Clerical & administrative workers 67 13.2
    Labourers 68 13.4
    Others 151 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 37 13.6
    Infants/Primary 102 37.4
    Secondary 76 27.8
    Technical or Further Educational Institution 42 15.4
    University or other Tertiary Institutions 11 4.0
    Others 5 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1141 90.1
    Flat, unit or apartment 86 6.8
    Semi-detached, row or terrace house, townhouse 40 3.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 195 36.0
    Fully owned 192 35.5
    Being purchased 154 28.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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