Suburb Profile Report for Korora NSW (2450)

Korora House: Median price $600,000, Annual capital growth 3.81%, Number of sales 66, Weekly median advertised rent $488

Korora Unit: Median price $440,000, Annual capital growth 5.61%, Number of sales 17, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

Korora is in the bottom 20% in NSW when comparing median price capital growth over the last year. Korora gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.00%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Korora has increased when compared to the 5 year average annual rate.

At number 478th of NSW’s most discounted properties, Korora is in the bottom 40% of the state/territory when listing in order of most discounted to least.

Korora is 297th on a list of best yielding suburbs for rents in NSW with a 4.23% return

Korora, 2450 ranked 49th 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

A 44.98% growth in median value for property investors in Korora,2450 puts this suburb at number 55th in terms of best performing suburbs in NSW

Our latest figures would indicate that property sellers in Korora are currently offering property investors an average price cut of -5.15% below the asking price at the moment.

Using the current median advertised rental of $365 and the average annual increase in value of a median property of 5.61%, investors should hope to achieve an overall return of 4.31%

Metrics i HOUSE UNIT
$600,000 $440,000
-0.83% 6.02%
0.00% 18.92%
3.81% 5.61%
$488 $365
66 17
4.23% 4.31%
112.02 97.2

Source: CoreLogic

DSR Score for property investment : Above average (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