Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
Property investors enjoyed capital gains of 12.4% 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 4.48% growth over a ten-year period. It ranks 1861st on our list of suburbs that property investors should look into.
KORORA, 2450 has a capital gain of 12.4% for the past year, which is higher than average compared to its 44.6% growth within a five-year period.
With the median home price in KORORA sitting at $680,000, and the average rent at $505, property owners could potentially earn a 3.86% 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 | $680,000 | $385,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.21% | -1.66% |
| Median 12 month | 12.4% | -7.23% |
| Median 3 years | 30.77% | 23.4% |
| Median 5 years | 44.6% | 25.41% |
| 10 years average annual | 4.48% | 0.4% |
| Weekly media advert. rent | $505 | $400 |
| Time on Market | 91.5 days | 141.6 days |
| Gross Rental Yield Percent | 3.86% | 5.4% |
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