Coramba

CORAMBA, 2450 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 $710,000.

Profits due to an upward trend in home prices in the suburb averaged 3.85% per annum over a 3-year period.

CORAMBA now ranks at the 1106th 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 CORAMBA are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $580 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CORAMBA, homes and units usually stay on listing for an average of N/A.

In 2016, 13 properties were sold in CORAMBA during the past year, making it the 1256th most active market in NSW based on total real estate transactions.