Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Property investors enjoyed capital gains of 14.89% over the last 12 months in KORORA, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 4.23% growth over a ten-year period. It ranks 1878th on our list of suburbs that property investors should look into.
KORORA, 2450 has a capital gain of 14.89% for the past year, which is higher than average compared to its 45.8% growth within a five-year period.
With the median home price in KORORA sitting at $729,000, and the average rent at $522.5, property owners could potentially earn a 3.73% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in KORORA are low, as opposed to average gains per annum over the past five years.
KORORA, 2450 in NSW belongs to the local government area of Coffs Harbour (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $729,000 | $395,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -3.18% |
| Median 12 month | 14.89% | -13.08% |
| Median 3 years | 22.32% | -3.54% |
| Median 5 years | 45.8% | 27.58% |
| 10 years average annual | 4.23% | 4.78% |
| Weekly media advert. rent | $522.5 | $450 |
| Time on Market | 118.9 days | 0.0 days |
| Gross Rental Yield Percent | 3.73% | 5.92% |
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