39/14 Shearwater Place, Korora NSW 2450
39/14 Shearwater Place, Korora NSW 2450
3 bed resort townhouse | direct beach access | premium coastal pocket | strata fees apply | lifestyle-driven demand
This townhouse sits within a tightly held coastal enclave where the surrounding product consistently trades at a premium over standard Korora stock. The configuration is practical for full-time living or holiday use, with a layout that suits downsizers and lock-up-and-leave buyers equally well. Its position within the resort-style estate gives it an edge most suburban townhouses cannot match — the facilities and beach proximity are genuine differentiators that broaden its appeal beyond owner-occupiers to investors chasing short-stay returns. For a buyer seeking low-maintenance coastal living without compromising on amenity, this is a strong fit.
Strata fees and elevated access may influence how the property is priced relative to freestanding houses in the area. The stepped entry could limit appeal for some buyers, though it is typical of this pocket. The property’s value is likely tied to how well it presents against others in the same estate, with condition and outlook playing a meaningful role. Rental demand appears consistent given the coastal setting, but yields may vary depending on the mix of long-term versus holiday tenancy. Weighing ongoing costs against lifestyle benefit is essential.
Detailed Independent Property Report prepared by PropCred Analyst team for 39/14 Shearwater Place, Korora NSW 2450
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Korora, positioned near Coffs Harbour, offers coastal living with local amenities underpinning steady buyer interest, largely from lifestyle-seekers. House prices sit around $1.05 million, though recent annual movements are mixed, with declines of 3.4% to 4.5% alongside a 2.7% rise; longer-term growth remains robust at 12.4% over a decade. Units average $617,000–$780,000, but annual unit prices fell sharply by 24.8%. Houses take 68–92 days to sell, transaction volumes are thin at roughly 50 per year. The market remains overvalued relative to long-term trend, a key constraint, while coastal location and amenity access support future demand. Buyers face elevated price risk given recent corrections and limited liquidity.
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PropCred Estimated Value
Comparable Sales: 24/2-5 Shearwater Place sold $509,000; 21 Shearwater Place listed $1.275M | Property Price Band: $500K–$600K | Value Drivers: condition, strata fees, outlook, proximity to beach and resort amenities
Bedrooms
3
Bathroom
2
Parking
1
Land
153m²
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