Suburb Profile Report for Korora NSW (2450)

Korora House: Median price $540,000, Annual capital growth 3.24%, Number of sales 58, Weekly median advertised rent $480

Korora Unit: Median price $355,000, Annual capital growth 6.40%, Number of sales 39, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 8.00% for the last year, Korora, 2450 is the 1454th highest performer in Australia in this respect.

A -1.82% growth in median value for property investors in Korora,2450 puts this suburb at number 690th in terms of best performing suburbs in NSW

The most recent median price for Korora is $540000, with sellers offering an average of -4.46% off the asking price.

In the last year 58 properties changed hands in Korora, which puts it as the 554th most active market in NSW when comparing the number of sales per suburb.

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

With a capital gain of 7.58% for the last 12 months, Korora, 2450 has performed for property investments than its average annual 6.40% property growth over the last 5 years.

Over the longer term, Korora has seen property prices show investors a 19.13% return over the last 3 years. This is worse than over the last 12 months

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.46% offered to property buyers. Sellers in Korora itself are offering an average vendor discount of -8.89% to real estate investors.

Property investors should expect to get $395 weekly from the median priced house in this suburb.

HOUSE UNIT
$540,000 $355,000
0.93% 4.87%
8.00% 7.58%
3.24% 6.40%
$480 $395
58 39
4.62% 5.79%
116.68 153.33

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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