Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
CORAMBA, 2450 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling CORAMBA, 2450 values up and netting property investors a capital gain of 0.79% for the past year.
Investors saw the median home price rise to $385,000.
Profits due to an upward trend in home prices in the suburb averaged 6.31% per annum over a 3-year period.
CORAMBA now ranks at the 185th place on a list of fastest growing suburbs in the territory.
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 83.3 days.
In 2016, 22 properties were sold in CORAMBA during the past year, making it the 863rd most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $385,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.05% | N/A |
| Median 12 month | 0.79% | N/A |
| Median 3 years | 18.92% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 0.97% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 83.3 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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