Thinking about buying in Korunye? Now could not be a better time, with just 165 residential dwellings it's a highly sought after location.
The average property price for this area is $481,000 with prices in this suburb ranging from $260,000 to $702,000.Distance to the coast is 8 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Korunye due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Korunye leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Korunye to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Korunye the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|Median Weekly Rent||$280.00|
|Median Monthly Mortgage||$1528.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||2.76|
|Average Properties Within 50M||1.00|
|211 PADDYS BRIDGE RD, KORUNYE, SA, 5502||3||2||6||Auction|
None within suburb boundary(While the above schools are located with the suburb of Korunye there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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