Property Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
Property investors enjoyed capital gains of 25.7% 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 7.31% growth over a ten-year period. It ranks 1270th on our list of suburbs that property investors should look into.
KORORA, 2450 has a capital gain of 25.7% for the past year, which is higher than average compared to its 51.48% growth within a five-year period.
With the median home price in KORORA sitting at $897,500, and the average rent at $600, property owners could potentially earn a 3.48% 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 12 month||25.7%||42.77%|
|Median 3 years||32.47%||51.66%|
|Median 5 years||51.48%||59.03%|
|10 years average annual||7.31%||9.72%|
|Weekly media advert. rent||$600||$475|
|Time on Market||69.6 days||56.1 days|
|Gross Rental Yield Percent||3.48%||4.31%|