Suburb Profile Report for Korora NSW (2450)

Korora House: Median price $590,000, Annual capital growth 3.61%, Number of sales 51, Weekly median advertised rent $460

Korora Unit: Median price $359,500, Annual capital growth 4.19%, Number of sales 20, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 8.46% for the last year, Korora, 2450 is the 1717th highest performer in Australia in this respect.

The five-year average increase in median property values for Korora,2450 has given property investors a potential capital gain of 24.21% across each of those five years.

Korora, 2450 is offering NSW ‘s 858th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.

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 around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.60%.

While Korora,2450 ranked number 501th in NSW for increase in median house value (annualised) increase, it is ranked 494th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Korora is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 67th in terms of most discounted suburbs in NSW

The NSW suburb of Korora, 2450 is in the Coffs Harbour local government area.

Metrics i HOUSE UNIT
$590,000 $359,500
-1.67% -2.84%
8.46% 3.60%
3.61% 4.19%
$460 $385
51 20
4.05% 5.57%
109.59 145

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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