AREA REPORTS

West Kempsey

 

 

NSW/
West kempsey

Suburb Profile

West Kempsey - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2440

house

WEST KEMPSEY, 2440 ranks 452nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.81% 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 $279,000.

The upward trend in home prices in WEST KEMPSEY, 2440 averaged 12.03% per annum over a 3-year period.

Average weekly rents on listings have reached the $325 mark, reflecting a 6.06% increase in returns based on the current median price in WEST KEMPSEY.

An average of 13.08 real estate transactions take place per month in WEST KEMPSEY which translates to 157 per annum.

157 properties were sold in WEST KEMPSEY in 2016, making it the 1117th most active market in NSW based on total real estate transactions.

WEST KEMPSEY, 2440 places 163rd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $279,000 N/A
GROWTH REPORT
Median Quarterly 4.69% N/A
Median 12 month 14.81% N/A
Median 3 years 36.1% N/A
Median 5 years 49.08% N/A
10 years average annual 4.68% N/A
Weekly media advert. rent $325 N/A
Time on Market 83.4 days N/A
Gross Rental Yield Percent 6.06% N/A
demographics (median values)
Total Population
4738
Weekly Household Income
580
Household Size
2.30
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Big four banks

Popular lenders issue spate of rate cuts

Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...

RBA

Predictions for the official cash rate as fresh data released

An update to the consumer price index for the March quarter saw it hold steady and not move at all – which means a May rate cut could be ...

Aerial of suburbs

Push for 'long overdue' property minister ramps up

One industry body has continued its calls to establish a dedicated property services commissioner and take away property powers from the NSW...

Sydney

Sydney infrastructure spending ‘mishmash’ cops heat

Fresh research has found that the system for determining infrastructure charges is “poor” and needs to be reworked. ...

Bill Shorten

Federal election 2019: Labor’s negative gearing, tax reforms explained

Depending on who wins the May 2019 federal elections, property investors could be facing major changes in policies. Smart Property Investmen...

Aerial shot of suburbs

Current negative gearing policy v Labor’s negative gearing policy

Negative gearing has long been popular as a tax minimisation strategy, allowing investors to offset losses incurred against their taxable in...