With a capital gain of 12.06% for the last 12 months, Coramba, 2450 has performed for property investments than its average annual 6.23% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Coramba has given property investors a paper return of 5.83%. This puts Suburb as 338 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Coramba itself are offering an average vendor discount of -5.29% to real estate investors.
Residents and property investors in Coramba have been waiting around 94.4 days to sell a property.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 5.12%, without taking into account capital value appreciation, which has been averaging out at 6.23%.