West Kempsey

POSTAL CODE: NSW, 2440

HOUSE

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 $460,000.

The upward trend in home prices in WEST KEMPSEY, 2440 averaged 0.85% per annum over a 3-year period.

Average weekly rents on listings have reached the $485 mark, reflecting a 5.48% increase in returns based on the current median price in WEST KEMPSEY.

An average of 11.33 real estate transactions take place per month in WEST KEMPSEY which translates to 136 per annum.

136 properties were sold in WEST KEMPSEY in 2016, making it the 1200th most active market in NSW based on total real estate transactions.

WEST KEMPSEY, 2440 places 1160th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$460,000	N/A
Growth Report
Median Quarterly	-2.13%	N/A
Median 12 month	4.55%	N/A
Median 3 years	2.56%	N/A
Median 5 years	52.07%	N/A
10 years average annual	8.74%	N/A
Weekly media advert. rent	$485	N/A
Time on Market	90.5 days	N/A
Gross Rental Yield Percent	5.48%	N/A

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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