Korora is a smaller suburb in New South Wales within the Coffs Harbour local government area (postcode 2450). With a population of 2,740, the suburb has an established demographic with a median age of 44. Households earn a median income of $95K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Korora is $995,000, having declined 6.1% over the past year. Units have a median price of $800,000 (+19.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,950.
Korora is served by 1 school, including 1 primary. The average ICSEA score is 1019, which is around the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Korora offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($995K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.5x is considered stretched. House prices have moved -6.1% year-on-year.
Korora is a smaller suburb in New South Wales within the Coffs Harbour local government area (postcode 2450). With a population of 2,740, the suburb has an established demographic with a median age of 44. Households earn a median income of $95K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Korora is $995,000, having declined 6.1% over the past year. Units have a median price of $800,000 (+19.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,950.
Korora is served by 1 school, including 1 primary. The average ICSEA score is 1019, which is around the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Korora offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($995K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.5x is considered stretched. House prices have moved -6.1% year-on-year.