Question 1

Is West Kempsey a nice place to live?

Accepted Answer

West Kempsey sits on the Macleay River floodplain and has easy access to Kempsey's shops, the Pacific Highway and a nearby regional train station.

The community records incomes below the NSW median, one-parent families are the largest family group at 36.4% of families and many homes are rented. Parks and reserves along the river provide outdoor recreation and compact commercial strips meet everyday needs, and the Kempsey railway station precinct is in the construction phase of the reVITALise program, with works to deliver new footpaths throughout the precinct.

Question 2

Is it expensive to live in West Kempsey?

Accepted Answer

A typical local household earned about $925 a week at the last Census. On those figures, a median house price of $510,000 in West Kempsey works out to about 10.6 times a typical local annual household income, which sits well above local incomes.

Rents take a large share of local income here: a house rent of $495 a week would use about 53% of that weekly household income, and a unit rent of $380 a week about 41% — both are a large share of income. If you are renting rather than buying, those rent shares are the numbers that matter for your situation.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is West Kempsey a good place to invest?

Accepted Answer

Unit rents climbed a strong 20.6% over the past 12 months in West Kempsey, while house rents rose a solid 7.6% and median house values increased 5.0% in the same period.

Put simply, rental income for houses increased more than house values did, and unit rental income rose by far the largest amount on this page.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$510K	N/A
Change in value Past 12 months	5.0%	N/A
Sold Past 3 months	19	1
Median days on market Past 12 months	59	N/A
Average rent Past 12 months	$495	$380
Change in rent Past 12 months	7.6%	20.6%

	Suburb	NSW
Median age years	40	39
Median household income weekly	$925	$1,829
Couples with children share of families	26.6%	44.7%
Couples without children share of families	33.7%	37.9%
One-parent families share of families	36.4%	15.8%
Homes owned outright share of homes	34.0%	32.6%
Homes with a mortgage share of homes	25.3%	33.6%
Homes rented share of homes	40.7%	33.7%

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