AREA REPORTS

Korora

NSW/
Korora

Suburb Profile

Korora - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2450

house
unit

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.

Data report can be found below

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%
demographics (median values)
Total Population
1971
Weekly Household Income
1072
Household Size
2.60
demographics
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Top 10 Birth Countries
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