Koorainghat is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 176, the suburb has a mature demographic with a median age of 54. Households earn a median income of $72K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Koorainghat is $1.0 million, having dropped significantly 20.2% over the past year. The current median weekly rent is $495. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,733.
Public transport access includes 5 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Koorainghat offers a gross rental yield of 2.6%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.0x is considered stretched. House prices have moved -20.2% year-on-year.
Koorainghat is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 176, the suburb has a mature demographic with a median age of 54. Households earn a median income of $72K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Koorainghat is $1.0 million, having dropped significantly 20.2% over the past year. The current median weekly rent is $495. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,733.
Public transport access includes 5 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Koorainghat offers a gross rental yield of 2.6%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.0x is considered stretched. House prices have moved -20.2% year-on-year.