Suburb Profile Report for West Kempsey NSW (2440)

West Kempsey House: Median price $290,000, Annual capital growth 4.57%, Number of sales 101, Weekly median advertised rent $340

  • 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 West Kempsey, 2440 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.76%.

Over the longer term, West Kempsey has seen property prices show investors a 26.09% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that West Kempsey is offering property investors an average of -6.70. This rate of discount on properties puts Suburb at number 532th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 8.42 sales per month, which equates to 101 per year.

Advertised rents are around the $340 mark per week – giving a return of 6.10% based on the median price in Suburb

Metrics i HOUSE UNIT
$290,000 N/A
0.00% N/A
3.76% N/A
4.57% N/A
$340 N/A
101 N/A
6.10% N/A
106.3 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 : Above average (H), Above average (U)
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Demographics
Total population 4791
Median household income ($/weekly) 633
Median age of persons 40
Median housing loan repayment ($/monthly) 1213
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 688 14.4
    35-44 years 473 9.9
    45-54 years 537 11.2
    55-64 years 581 12.1
    65-74 years 500 10.4
    Others 2012 42.0
    Age Group
    Census Count Percent(%)
    Not Married 1686 53.4
    Registered Married 1177 37.3
    Defacto Relationship 296 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4293 94.8
    Papua New Guinea 25 0.6
    Philippines 21 0.5
    United Kingdom 95 2.1
    Other 29 0.6
    Others 64 1.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 0.5
    Christianity 3575 82.7
    Hinduism 7 0.2
    Other Religious Groups 21 0.5
    No Religion 683 15.8
    Others 13 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 299 18.2
    $400-$599 334 20.3
    $600-$799 230 14.0
    $800-$999 195 11.8
    $1,000-$1,249 156 9.5
    Others 433 26.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2041 59.0
    Employed, worked full-time 677 19.6
    Employed, worked part-time 483 14.0
    Unemployed, looking for work 177 5.1
    Employed, away from work 83 2.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 156 12.6
    Community & personal service workers 244 19.6
    Clerical & administrative workers 160 12.9
    Sales 154 12.4
    Labourers 182 14.7
    Others 346 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 108 10.5
    Infants/Primary 453 44.2
    Secondary 295 28.8
    Technical or Further Educational Institution 117 11.4
    University or other Tertiary Institutions 35 3.4
    Others 17 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3790 87.0
    Semi-detached, row or terrace house, townhouse 425 9.8
    Flat, unit or apartment 138 3.2
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 717 40.2
    Fully owned 644 36.1
    Being purchased 414 23.2
    Other tenure type 9 0.5
    Tenure Type
Census 2011, ABS
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