Corindi Beach

POSTAL CODE: NSW, 2456

HOUSE

Property investors enjoyed capital gains of 10.54% over the last 12 months in CORINDI BEACH, translating to higher returns compared with its peers in NSW.

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

The suburb posted a 8.49% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $720 based on current median home prices for the suburb.

On average, rents on listings have reached the $720 mark, reflecting a 4.13% increase in returns based on the current median price in CORINDI BEACH.

CORINDI BEACH, 2456 ranks 459th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 195th on the list of best yielding suburbs for rental properties in NSW, posting a 4.13% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$907,500	N/A
Growth Report
Median Quarterly	-1.04%	N/A
Median 12 month	10.54%	N/A
Median 3 years	8.49%	N/A
Median 5 years	39.62%	N/A
10 years average annual	8.03%	N/A
Weekly media advert. rent	$720	N/A
Time on Market	46.8 days	N/A
Gross Rental Yield Percent	4.13%	N/A

Demographics (Median Values)*

Total Population 14749

Weekly Household Income 1111

Household Size 2.50

Average Age 44

Monthly Loan Repayment 1586

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

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