Korora vs Moonee Beach
Korora (median $1,130,000) is roughly 3% cheaper to buy into than Moonee Beach ($1,162,500). Over the past year, Moonee Beach (+5.7%) ran 14.2 percentage points ahead of Korora (-8.5%) on house-price growth.
Buying in Korora or Moonee Beach?
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Korora and Moonee Beach side by side
| Measure | Korora | Moonee Beach |
|---|---|---|
| Price and market | ||
| Median house | $1,130,000 | $1,162,500 |
| Median unit | $274,320 | $274,320 |
| House price change, 12 months | -8.5% | +5.7% |
| Renting | ||
| House rent | $680/wk | $680/wk |
| Unit rent | $500/wk | $500/wk |
| Owner occupied | 76.0% | 80.0% |
| Renter occupied | 22.0% | 19.0% |
| Schools | ||
| Schools nearby | 14 | 20 |
| Average ICSEA | 973 | 972 |
| Lifestyle and people | ||
| Walk score | 0 | 0 |
| Transit score | 0 | 0 |
| Bike score | 0 | 55 |
| Population | 2,740 | 2,176 |
| Median age | 44 | 41 |
| Climate | ||
| Annual rainfall | 1644 mm | 1513 mm |
| Mean max, January | 27.2°C | 27.8°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Korora (973) sits above Moonee Beach (972).
- For buyers
- Korora is the lower entry point at $1,130,000 median, 3% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Investors face a yield-versus-growth split: Korora delivers the better gross yield (3.13% vs 3.04%), but Moonee Beach has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
- For families
- Korora edges out on average school ICSEA (973 vs 972).
Korora vs Moonee Beach: common questions
Is Korora or Moonee Beach cheaper to buy in?
Korora has the lower median house price at $1,130,000, roughly 3% below Moonee Beach ($1,162,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Korora or Moonee Beach?
Over the past 12 months, Moonee Beach grew +5.7% vs -8.5% in Korora, a gap of 14.2 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Korora or Moonee Beach have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Korora scores 973 vs 972 in Moonee Beach. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Korora or Moonee Beach?
Gross rental yield on houses is 3.13% in Korora vs 3.04% in Moonee Beach. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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