Suburb Profile Report for Korora NSW (2450)

Korora House: Median price $592,500, Annual capital growth 3.71%, Number of sales 48, Weekly median advertised rent $460

Korora Unit: Median price $364,225, Annual capital growth 4.41%, Number of sales 28, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 14.49% for the last year, Korora, 2450 is the 601th highest performer in Australia in this respect.

Over the longer term, Korora has seen property prices show investors a 27.97% return over the last 3 years. This is worse than over the last 12 months

Korora, 2450 is offering NSW ‘s 638th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.

Residents and property investors in Korora have been waiting around 128.06 days to sell a property.

A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.04%, without taking into account capital value appreciation, which has been averaging out at 3.71%.

Korora, 2450 ranked 153th in NSW when comparing growth in median property values or capital gain over the last 12 months. Korora is one of 3163 in our list for NSW

Taking the average capital gain, or increase in median house value, Korora,2450 has racked up an average of 10.37% over the period. This ranks it number 813th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Korora is giving property investors an average Vendor Discount of around -6.61%. This puts suburb at number 36th in NSW when ranking the most discounted suburbs.

At number 1454 in a list of fastest selling suburbs, Korora is in the bottom 10% of suburbs in Australia with an average of days on market 148.5 for properties listed there.

Korora, 2450’s gross rental yield is 5.43%

Metrics i HOUSE UNIT
$592,500 $364,225
0.59% N/A
14.49% 10.37%
3.71% 4.41%
$460 $380
48 28
4.04% 5.43%
128.06 148.5

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (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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Recent sales & rentals