Suburb Profile Report for Korora NSW (2450)

Korora House: Median price $589,500, Annual capital growth 3.75%, Number of sales 57, Weekly median advertised rent $460

Korora Unit: Median price $359,500, Annual capital growth 3.37%, Number of sales 24, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$589,500 $359,500
6.70% N/A
13.91% 9.94%
3.75% 3.37%
$460 $380
57 24
4.06% 5.50%
132.07 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 2224
Median household income ($/weekly) 1267
Median age of persons 42
Median housing loan repayment ($/monthly) 1920
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 305 13.7
    35-44 years 290 13.0
    45-54 years 369 16.6
    55-64 years 354 15.9
    65-74 years 213 9.6
    Others 693 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 943 59.1
    Not Married 500 31.3
    Defacto Relationship 152 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1720 81.3
    Papua New Guinea 45 2.1
    South Africa 37 1.7
    United Kingdom 133 6.3
    Other 46 2.2
    Others 135 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 1.6
    Christianity 1369 69.0
    Hinduism 3 0.2
    Other Religious Groups 24 1.2
    No Religion 552 27.8
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 76 10.7
    $800-$999 84 11.9
    $1,000-$1,249 79 11.2
    $1,250-$1,499 65 9.2
    $1,500-$1,999 93 13.2
    Others 310 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 581 34.5
    Not in the labour force 566 33.7
    Employed, worked part-time 393 23.4
    Unemployed, looking for work 73 4.3
    Employed, away from work 69 4.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 169 16.2
    Professionals 257 24.6
    Technicians & trades workers 132 12.6
    Clerical & administrative workers 149 14.3
    Sales 124 11.9
    Others 214 20.5
    Occupation
    Census Count Percent(%)
    Pre-school 39 7.0
    Infants/Primary 199 35.8
    Secondary 185 33.3
    Technical or Further Educational Institution 63 11.3
    University or other Tertiary Institutions 60 10.8
    Others 10 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1780 85.9
    Semi-detached, row or terrace house, townhouse 250 12.1
    Flat, unit or apartment 37 1.8
    House or flat attached to a shop, office 6 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 293 37.9
    Being purchased 255 32.9
    Rented 219 28.3
    Other tenure type 7 0.9
    Tenure Type
Census 2011, ABS
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