Suburb Profile Report for Coraki NSW (2471)

Coraki House: Median price $320,000, Annual capital growth 5.96%, Number of sales 27, Weekly median advertised rent $390

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

With a capital gain of 16.36% for the last 12 months, Coraki, 2471 has performed for property investments than its average annual 5.96% property growth over the last 5 years.

Coraki,2471 was ranked 232 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coraki, 2471. Typically our figures indicate that -4.17% is being offered, which puts this NSW suburb at 2893th most discounted overall in Australia.

Often selling an investment property can take time, and in Coraki the average time real estate has been on the market is 83.2105 days.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 6.34%, without taking into account capital value appreciation, which has been averaging out at 5.96%.

Metrics	HOUSE	UNIT
Median price	$320,000	N/A
Quarterly growth	7.56%	N/A
12-month growth	16.36%	N/A
Average Annual Growth	5.96%	N/A
Weekly median advertised rent	$390	N/A
Number of sales	27	N/A
Gross rental yield	6.34%	N/A
Days on market	83.2105263157895	N/A

Your estimated repayment
$1,238.08/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Good (H), Above average (U)

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Demographics

Total population	1477
Median household income ($/weekly)	784
Median age of persons	40
Median housing loan repayment ($/monthly)	1116
Average household size	2.6

Census	Count	Percent(%)
5-14 years	226	15.3
35-44 years	180	12.2
45-54 years	179	12.1
55-64 years	202	13.7
65-74 years	145	9.8
Others	545	36.9

Age Group

Census	Count	Percent(%)
Registered Married	467	47.4
Not Married	406	41.2
Defacto Relationship	112	11.4

Social Marital Status

Census	Count	Percent(%)
Australia	1313	94.8
Greece	7	0.5
Papua New Guinea	5	0.4
United Kingdom	39	2.8
Other	6	0.4
Others	15	1.1

Country of Birth

Census	Count	Percent(%)
Christianity	978	76.2
No Religion	286	22.3
Buddhism	16	1.2
Other Religious Groups	4	0.3
Hinduism	0	0.0
Others	0	0.0

Religious Affiliation

Census	Count	Percent(%)
$300-$399	54	12.0
$400-$599	83	18.4
$600-$799	62	13.8
$1,000-$1,249	56	12.4
$1,500-$1,999	44	9.8
Others	151	33.6

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	518	49.2
Employed, worked full-time	263	25.0
Employed, worked part-time	166	15.8
Unemployed, looking for work	60	5.7
Employed, away from work	45	4.3

Person Characteristics

Census	Count	Percent(%)
Managers	53	11.2
Professionals	56	11.9
Technicians & trades workers	86	18.2
Community & personal service workers	60	12.7
Labourers	82	17.4
Others	135	28.6

Occupation

Census	Count	Percent(%)
Pre-school	33	10.0
Infants/Primary	116	35.2
Secondary	118	35.8
Technical or Further Educational Institution	32	9.7
University or other Tertiary Institutions	21	6.4
Others	10	3.0

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1310	97.1
Flat, unit or apartment	16	1.2
Semi-detached, row or terrace house, townhouse	10	0.7
House or flat attached to a shop, office	8	0.6
Caravan, cabin, houseboat	5	0.4
Others	0	0.0