Charlestown vs Korora
Property investment comparison - Charlestown, NSW 2290 vs Korora, NSW 2450
Head-to-head across core investment metrics: Charlestown wins 3, Korora wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Charlestown | Korora |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $730K | $770K |
| Gross rental yield (houses) | 3.50% | - |
| Gross rental yield (units) | 4.46% | - |
| 1-year house growth | +14.9% | +0.8%estimate |
| 3-year house growth | +24.0% | - |
| Vacancy rate | 1.9% | 2.5% |
| Population | 13,601 | 2,740 |
Charlestown vs Korora: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.1M in Charlestown and $1.1M in Korora.
For units, Charlestown sits at a median of $730K against $770K in Korora, which makes Charlestown the more affordable unit market and Korora the pricier one.
Over the past year house prices moved +14.9% in Charlestown and +0.8% in Korora (an estimate), so recent momentum favours Charlestown, although both suburbs recorded growth.
Rental vacancy is 1.9% in Charlestown and 2.5% in Korora, so landlords in Charlestown face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Charlestown is the bigger suburb, with a population of 13,601 against 2,740, roughly 5.0 times the size of Korora; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Charlestown for recent price momentum, Charlestown for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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