Suburb Profile Report for Korora NSW (2450)

Korora House: Median price $677,500, Annual capital growth 4.75%, Number of sales 60, Weekly median advertised rent $520

Korora Unit: Median price $509,000, Annual capital growth 9.99%, Number of sales 13, Weekly median advertised rent $400

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Korora have tracked close to the NSW average of 0.15% over the last 12 months.

Korora,2450 has offered an average of 0.37% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Korora is offering property investors an average of -6.70. This rate of discount on properties puts Suburb at number 200th in terms of most discounted suburbs in NSW

At number 3430 in a list of fastest selling suburbs, Korora is in the bottom 10% of suburbs in Australia with an average of days on market 127.949 for properties listed there.

Using the current median advertised rental of $520 and the average annual increase in value of a median property of 4.75%, investors should hope to achieve an overall return of 3.99%

Property investors who have had real estate in Korora, 2450 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 34.83%

The five-year average increase in median property values for Korora,2450 has given property investors a potential capital gain of 40.41% across each of those five years.

Metrics i HOUSE UNIT
$677,500 $509,000
5.04% 2.41%
0.37% 34.83%
4.75% 9.99%
$520 $400
60 13
3.99% 4.09%
127.948717948718 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Balanced (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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