Property value increases in Korora have tracked just higher than the NSW average of 7.28% over the last 12 months.
While Korora,2450 ranked number 188th in NSW for increase in median house value (annualised) increase, it is ranked 891th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Korora is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 744th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Korora the average time real estate has been on the market is 132.07 days.
Renters in Suburb are facing rents around $5520 per annum or $460 every week.
If you compare the increase in value of investment property in Korora, 2450 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.94%.
Taking the average capital gain, or increase in median house value, Korora,2450 has racked up an average of 9.94% over the period. This ranks it number 874th in the whole country for real estate investors looking at median house price increases.
In the last year 24 properties changed hands in Korora, which puts it as the 414th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.