West Kempsey

POSTAL CODE: NSW, 2440

HOUSE

UNIT

WEST KEMPSEY, 2440 ranks 2276th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 7.8% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $470,000.

The upward trend in home prices in WEST KEMPSEY, 2440 averaged 2.11% per annum over a 3-year period.

Average weekly rents on listings have reached the $490 mark, reflecting a 5.42% increase in returns based on the current median price in WEST KEMPSEY.

An average of 10.75 real estate transactions take place per month in WEST KEMPSEY which translates to 129 per annum.

129 properties were sold in WEST KEMPSEY in 2016, making it the 1264th most active market in NSW based on total real estate transactions.

WEST KEMPSEY, 2440 places 813th in Australia based on median property value growth during the quarter.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $300,000.

Investors saw the median home price rise to $300,000.

The upward trend in home prices in WEST KEMPSEY, 2440 averaged 0% per annum over a 3-year period.

WEST KEMPSEY now ranks at the th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in WEST KEMPSEY are average, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In WEST KEMPSEY, homes and units usually stay on listing for an average of 111 days.

11 properties were sold in WEST KEMPSEY in 2016, making it the 614th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$470,000	$300,000
Growth Report
Median Quarterly	1.08%	0%
Median 12 month	7.8%	0%
Median 3 years	6.33%	0%
Median 5 years	56.67%	0%
10 years average annual	9%	0%
Weekly media advert. rent	$490	$380
Time on Market	100.4 days	111 days
Gross Rental Yield Percent	5.42%	6.59%

Demographics (Median Values)*

Total Population 21819

Weekly Household Income 905

Household Size 2.40

Average Age 45

Monthly Loan Repayment 1274

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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