Kooringal

POSTAL CODE: NSW, 2650

HOUSE

UNIT

Homeowners and real estate investors betting on KOORINGAL, 2650 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 14.73%.

A steady increase in median property prices over a five-year period in the suburb translates to a 19.81% capital gain.

Property investors in KOORINGAL enjoyed capital gains of 14.73% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $642,500.

Profits due to an upward trend in home prices there averaged 6.6% per annum over a 3-year period.

Home owners selling their properties and realtors in KOORINGAL usually have to wait an average of 49.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $527.5 mark, reflecting a 4.27% increase in returns based on the current median price in KOORINGAL.

KOORINGAL, 2650 places 270th in Australia based on median property value growth during the quarter.

Property investors in KOORINGAL enjoyed capital gains of 36.49% over the last 12 months translating to lower returns compared with its peers in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in KOORINGAL are high, as opposed to average gains per annum over the past five years.

KOORINGAL posted a 53.75% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $380 mark, reflecting a 5.08% increase in returns based on the current median price in KOORINGAL.

KOORINGAL, 2650 ranks 9th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

KOORINGAL ranks 93rd on the list of best yielding suburbs for rental properties in NSW, posting a 5.08% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$642,500	$389,000
Growth Report
Median Quarterly	4.64%	18.96%
Median 12 month	14.73%	36.49%
Median 3 years	19.81%	53.75%
Median 5 years	75.07%	64.27%
10 years average annual	8.3%	8.33%
Weekly media advert. rent	$528	$380
Time on Market	49.3 days	28 days
Gross Rental Yield Percent	4.27%	5.08%

Demographics (Median Values)*

Total Population 56974

Weekly Household Income 1349

Household Size 2.50

Average Age 36

Monthly Loan Repayment 1521

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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