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Korora
AREA REPORTS

Korora

Korora - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2450

house
unit

Property investors enjoyed capital gains of 8% 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 3.1% growth over a ten-year period. It ranks 2661st on our list of suburbs that property investors should look into.

KORORA, 2450 has a capital gain of 8% for the past year, which is lower than average compared to its 40.19% growth within a five-year period.

With the median home price in KORORA sitting at $729,000, and the average rent at $550, property owners could potentially earn a 3.92% 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).

Data report can be found below

Korora
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $729,000 $408,500
GROWTH REPORT
Median Quarterly 4.22% 0%
Median 12 month 8% -10.22%
Median 3 years 21.5% -7.16%
Median 5 years 40.19% 28.66%
10 years average annual 3.1% 4.54%
Weekly media advert. rent $550 $390
Time on Market 92.1 days 51.1 days
Gross Rental Yield Percent 3.92% 4.96%
demographics (median values)*
Total Population
43894
Weekly Household Income
1140
Household Size
2.50
Age
44
Monthly Loan Repayment
1636
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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