Suburb Profile Report for Korora NSW (2450)

Korora House: Median price $584,511, Annual capital growth 3.58%, Number of sales 58, Weekly median advertised rent $460

Korora Unit: Median price $368,450, Annual capital growth 2.25%, Number of sales 25, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Korora is in the TOP 30% in NSW when comparing median price capital growth over the last year. Korora gave property investors a good capital gain figure when compared to the rest of the state, with 12.41%.

While Korora,2450 ranked number 180th in NSW for increase in median house value (annualised) increase, it is ranked 920th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Korora itself are offering an average vendor discount of -4.95% to real estate investors.

Renters in Suburb are facing rents around $5520 per annum or $460 every week.

Korora is in the TOP 20% in NSW when comparing median price capital growth over the last year. Korora gave property investors a very good capital gain figure when compared to the rest of the state, with 16.05%.

The five-year average increase in median property values for Korora,2450 has given property investors a potential capital gain of -1.75% across each of those five years.

HOUSE UNIT
$584,511 $368,450
7.45% 2.63%
12.41% 16.05%
3.58% 2.25%
$460 $380
58 25
4.09% 5.36%
134.98 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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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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