Coramba

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 9.3% for the past year.

Investors saw the median home price rise to $505,500.

Profits due to an upward trend in home prices in the suburb averaged 13.47% per annum over a 3-year period.

CORAMBA now ranks at the 259th 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 high, as opposed to average gains per annum over the past five years.

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 45.5 days.

In 2016, 18 properties were sold in CORAMBA during the past year, making it the 1029th most active market in NSW based on total real estate transactions.