Kelso suburb profile
Kelso is a picturesque suburb located on the eastern side of Bathurst in New South Wales, known for its blend of rural charm and suburban convenience. As one of the oldest settlements in the region, Kelso boasts a rich history and a strong sense of community. The suburb offers a mix of heritage homes and modern developments, catering to diverse lifestyles. With its proximity to the Macquarie River and scenic countryside, residents enjoy a tranquil environment while still having easy access to Bathurst's amenities, schools, and transport links. Kelso's appealing combination of history, natural beauty, and modern living makes it an attractive choice for families and individuals alike.
Kelso property market performance
Kelso’s property market has experienced notable changes over the past 12 months. House values have seen a modest increase of 3.5%, with the median house price now at $774,500. In contrast, unit values have surged by an impressive 48.3%, bringing the median unit price to $289,750, indicating a strong demand for units in the area.
Sales activity has been more robust for houses, with 38 sold in the past 12 months compared to just 2 units. Houses are taking longer to sell, with a median of 68 days on the market, while units are moving faster at 50 days, suggesting a quicker turnover in the unit market.
The rental market in Kelso has seen a moderate increase in house rents by 5.7% over the last 12 months, with the average rent at $560. However, unit rents have remained stable, with no change, maintaining an average rent of $355.
Median price - houses$775KPast 3 months
Median price - units$290KPast 3 months
Change in value - houses3.5%12 months
Change in value - units48.3%12 months
Houses sold38Past 3 months
Units sold2Past 3 months
Median DOM - houses67.5Past 12 months
Median DOM - units50Past 12 months
Average rent - houses$560Past 12 months
Average rent - units$355Past 12 months
Change in rent - houses5.7%Past 12 months
Change in rent - unitsN/APast 12 months
Kelso demographics
Kelso, located in the Bathurst region of New South Wales, offers a blend of suburban comfort and rural charm. With a population of 10,039, it is a community that balances family life with the tranquility of the countryside. The median age of 36 suggests a mature community, with many residents likely to be established in their careers and family lives. The suburb's proximity to Bathurst provides residents with access to a range of amenities and services, while still enjoying the peace of a smaller community.
The family-oriented nature of Kelso is evident, with 41.6% of households being couple families with children, and 36.6% being couple families without children. This indicates a strong presence of both young families and established couples. One-parent families make up 20.5% of the community, reflecting a diverse family structure. The suburb's housing market is characterized by a high rate of home ownership, with 32.6% of properties owned outright and 39.0% owned with a mortgage, suggesting a stable and committed community.
Rental properties account for 28.4% of the housing market, providing options for those seeking flexibility or temporary residence. The median total household income of $1,737 per week indicates a comfortable standard of living, aligning with the suburb's appeal to families and professionals. Kelso's community is supported by local schools, parks, and recreational facilities, making it an attractive location for those seeking a balanced lifestyle with the benefits of both urban and rural living.
Kelso infrastructure, key developments and investment opportunities
Kelso is experiencing several developments that may impact its property market. The ongoing expansion of the Bathurst Regional Council's industrial precinct in Kelso is attracting new businesses and creating job opportunities, potentially increasing demand for housing in the area. Additionally, the recent upgrades to the Kelso High Campus, part of the Denison College of Secondary Education, have enhanced local education facilities, which could appeal to families considering moving to the suburb.
Infrastructure improvements, such as the planned upgrades to the Great Western Highway between Kelso and Raglan, aim to enhance connectivity and reduce travel times to Bathurst CBD. This could increase the suburb's appeal for commuters. The ongoing development of new residential estates in Kelso, particularly in the Marsden Estate area, is expanding housing options and potentially influencing property values. These developments, combined with Kelso's proximity to Bathurst and its more affordable housing market, are likely to sustain interest from both investors and homebuyers in the area.
Kelso rental market trends
The rental market in Kelso has experienced moderate growth, with house rents increasing by 5.7% over the past year to $560 per week, while unit rents have remained stable at $355 per week. This stability in unit rents, combined with the rise in house rents, suggests a balanced market, making Kelso an attractive option for both renters and investors seeking steady returns in a regional setting.
Suburbs near Kelso
Some popular suburbs near Kelso include: