Coramba is a small community in New South Wales within the Coffs Harbour local government area (postcode 2450). With a population of 817, the suburb has a mature demographic with a median age of 46. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Coramba is $818,000, having surged 15.6% over the past year. Units have a median price of $319,000. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,600.
Coramba is served by 1 school, including 1 primary. The average ICSEA score is 912, which is below the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Coramba offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($818K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.7x is considered moderate. House prices have moved +15.6% year-on-year.
Coramba is a small community in New South Wales within the Coffs Harbour local government area (postcode 2450). With a population of 817, the suburb has a mature demographic with a median age of 46. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Coramba is $818,000, having surged 15.6% over the past year. Units have a median price of $319,000. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,600.
Coramba is served by 1 school, including 1 primary. The average ICSEA score is 912, which is below the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Coramba offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($818K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.7x is considered moderate. House prices have moved +15.6% year-on-year.