Over the last year, property investments in Korora, 2450 have given investors a capital gain of 15.88%. This compares favourably with the 11.06% for NSW as a whole.
Korora,2450 was ranked 346 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Korora itself are offering an average vendor discount of -3.95% to real estate investors.
Situated 432.11km from the CBD, Korora is one of Coffs Harbour localities in the postcode 2450.
Property value increases in Korora have tracked close to the NSW average of 8.63% over the last 12 months.
Across a shorter period, Korora, 2450 has seen a median price increase of 5.56% over the last quarter.
Our latest figures would indicate that property sellers in Korora are currently offering property investors an average price cut of -4.13% below the asking price at the moment.
Advertised rents are around the $377.5 mark per week – giving a return of 5.17% based on the median price in Suburb