Koreelah is a quiet locality in New South Wales within the Tenterfield local government area (postcode 2476). With a population of 83, the suburb has an older demographic with a median age of 58. Households earn a median income of $38K per year, with an average household size of 1.8 people. The most common occupations are managers, technicians & trades, machinery operators & drivers. The top ancestries reported are English, Australian, Irish.
The median house price in Koreelah is $1.7 million, having surged 227.4% over the past year. The current median weekly rent is $200. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $2,100.
Public transport access includes 11 bus stops. The crime rate in the Tenterfield LGA is moderate at 5,154 incidents per 100,000 population.
From an investment perspective, Koreelah offers a gross rental yield of 0.6%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 45.2x is considered stretched. House prices have moved +227.4% year-on-year.
Koreelah is a quiet locality in New South Wales within the Tenterfield local government area (postcode 2476). With a population of 83, the suburb has an older demographic with a median age of 58. Households earn a median income of $38K per year, with an average household size of 1.8 people. The most common occupations are managers, technicians & trades, machinery operators & drivers. The top ancestries reported are English, Australian, Irish.
The median house price in Koreelah is $1.7 million, having surged 227.4% over the past year. The current median weekly rent is $200. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $2,100.
Public transport access includes 11 bus stops. The crime rate in the Tenterfield LGA is moderate at 5,154 incidents per 100,000 population.
From an investment perspective, Koreelah offers a gross rental yield of 0.6%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 45.2x is considered stretched. House prices have moved +227.4% year-on-year.