Corlette

POSTAL CODE: NSW, 2315

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 11.11% capital gain.

Property investors in CORLETTE enjoyed capital gains of 7.62% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,200,000.

Profits due to an upward trend in home prices there averaged 3.7% per annum over a 3-year period.

Home owners selling their properties and realtors in CORLETTE usually have to wait an average of 80.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $750 mark, reflecting a 3.25% increase in returns based on the current median price in CORLETTE.

CORLETTE, 2315 places th in Australia based on median property value growth during the quarter.

Property investors in CORLETTE enjoyed capital gains of 4.47% over the last 12 months translating to lower returns compared with its peers in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CORLETTE are low, as opposed to average gains per annum over the past five years.

CORLETTE posted a 21.62% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $650 mark, reflecting a 3.76% increase in returns based on the current median price in CORLETTE.

CORLETTE, 2315 ranks 294th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

CORLETTE ranks 423rd on the list of best yielding suburbs for rental properties in NSW, posting a 3.76% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,200,000	$900,000
Growth Report
Median Quarterly	0%	9.49%
Median 12 month	7.62%	4.47%
Median 3 years	11.11%	21.62%
Median 5 years	62.16%	60%
10 years average annual	8.23%	8.35%
Weekly media advert. rent	$750	$650
Time on Market	80.8 days	N/A
Gross Rental Yield Percent	3.25%	3.76%

Demographics (Median Values)*

Total Population 14658

Weekly Household Income 1124

Household Size 2.30

Average Age 51

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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