2. NSW
  3. Coffs Harbour

Houses Units

Here you can find what you need to know about Korora, NSW, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$1.1M Median Sale Price (National Average $485k) 621st In NSW
-6.38% Median Sale Price Change (1yr) (National Average 4.30%) 4240th In NSW
$715pw Median Rent (National Average $395) 480th In NSW
3.4% Median Gross Yield (National Average 4.24%) 507th In NSW
Properties sold 38
Average discounting -8.90%
Average Days on Market 110
Stock on Market 42 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Korora, NSW National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Korora, NSW National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Korora, NSW National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Korora


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Korora, NSW 2450

Part of: Coffs Harbour Council No data available

The size of Korora is approximately 16.7 square kilometres. It has 8 parks covering nearly 41% of total area. The population of Korora in 2011 was 2,224 people. By 2016 the population was 2,494 showing a population growth of 12.1% in the area during that time. The predominant age group in Korora is 50-59 years. Households in Korora are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Korora work in a professional occupation. In 2011, 69.8% of the homes in Korora were owner-occupied compared with 71.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Korora

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Korora   for Houses in last 12 months


There have been 38 Houses sold in Korora in the past 12 months with a median sale price of $1.1M, down 6.4% annually. It takes on average 88 days to sell with vendor discounting of -8.9%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Korumburra VIC, 3950 3.74% $555,000 $450pw 4.2% View Suburb Profile
Coffs Harbour NSW, 2450 3.95% $790,000 $640pw 4.2% View Suburb Profile
Port Wakefield SA, 5550 29.17% $310,000 Unavailable Unavailable View Suburb Profile
Sandford TAS, 7020 -15.56% $950,000 Unavailable Unavailable View Suburb Profile
Sapphire Beach NSW, 2450 -11.02% $1,140,000 $750pw 3.4% View Suburb Profile
Melton South VIC, 3338 1.24% $490,000 $420pw 4.5% View Suburb Profile

Currency

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