Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
Property investors enjoyed capital gains of 5.04% 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 1827th on our list of suburbs that property investors should look into.
KORORA, 2450 has a capital gain of 5.04% for the past year, which is higher than average compared to its 23.76% growth within a five-year period.
With the median home price in KORORA sitting at $625,000, and the average rent at $495, property owners could potentially earn a 4.12% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $625,000 | $459,500 |
| GROWTH REPORT | ||
| Median Quarterly | 3.31% | 2.17% |
| Median 12 month | 5.04% | 25.89% |
| Median 3 years | 32.7% | 34.16% |
| Median 5 years | 23.76% | 47.28% |
| 10 years average annual | 4.23% | 4.72% |
| Weekly media advert. rent | $495 | $370 |
| Time on Market | 111.4 days | 124.0 days |
| Gross Rental Yield Percent | 4.12% | 4.19% |
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