51/7 Shearwater Place, Korora NSW 2450
51/7 Shearwater Place, Korora NSW 2450
4/2/3 townhouse, 450 m² | resort coastal pocket | golf-course outlook, beach access | dual-use lifestyle or rental | established low-rise complex
The property is competitively strong through its four-bedroom, three-parking layout on a 450 m² title, a rare scale for attached coastal stock in Korora. Positioned within a resort-style, low-rise complex, it combines family-sized interiors with easy-care living. The golf-course outlook and beach access lift it above standard suburban units, while the established precinct gives a settled, holiday-tinged character. This townhouse serves buyers wanting dual-use flexibility: permanent family living, short-stay rental exposure, or a coastal retreat.
Value may be shaped by internal presentation and finish quality, because the complex is older and resort-style characteristics vary from unit to unit. Floor level and aspect are also likely to be weighed, since elevated positions tend to hold better breezes and outlooks. Strata fees and holiday-rental demand might affect holding costs and income potential, while the 450 m² land component offers useful differentiation for future resale.
Detailed Independent Property Report prepared by PropCred Analyst team for 51/7 Shearwater Place, Korora NSW 2450
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
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 | Property Price Band: $900K–$1.0M | Value Drivers: presentation and condition, golf-course outlook, land size
Bedrooms
4
Bathroom
3
Parking
3
Land
450m²
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