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 12.66%.

A steady increase in median property prices over a five-year period in the suburb translates to a 16.95% capital gain.

Property investors in KOORINGAL enjoyed capital gains of 12.66% 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 $614,000.

Profits due to an upward trend in home prices there averaged 5.65% per annum over a 3-year period.

Home owners selling their properties and realtors in KOORINGAL usually have to wait an average of 60.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $490 mark, reflecting a 4.15% increase in returns based on the current median price in KOORINGAL.

KOORINGAL, 2650 places 355th in Australia based on median property value growth during the quarter.

Property investors in KOORINGAL enjoyed capital gains of 16.83% 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 47.2% 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 $400 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $400 mark, reflecting a 5.65% increase in returns based on the current median price in KOORINGAL.

KOORINGAL, 2650 ranks 68th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

KOORINGAL ranks 39th on the list of best yielding suburbs for rental properties in NSW, posting a 5.65% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$614,000	$368,000
Growth Report
Median Quarterly	4.07%	18.71%
Median 12 month	12.66%	16.83%
Median 3 years	16.95%	47.2%
Median 5 years	72.96%	53.33%
10 years average annual	7.53%	10.92%
Weekly media advert. rent	$490	$400
Time on Market	60.7 days	23.3 days
Gross Rental Yield Percent	4.15%	5.65%

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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