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Corindi Beach
AREA REPORTS

Corindi Beach

Corindi Beach - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2456

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Property investors enjoyed capital gains of 19.61% over the last 12 months in CORINDI BEACH, translating to lower 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 22% 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 $477.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $477.5 mark, reflecting a 4.07% increase in returns based on the current median price in CORINDI BEACH.

CORINDI BEACH, 2456 ranks 202nd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 316th on the list of best yielding suburbs for rental properties in NSW, posting a 4.07% return.

Data report can be found below

Corindi Beach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $610,000 N/A
GROWTH REPORT
Median Quarterly 5.17% N/A
Median 12 month 19.61% N/A
Median 3 years 22% N/A
Median 5 years 46.99% N/A
10 years average annual 5.37% N/A
Weekly media advert. rent $477.5 N/A
Time on Market 61.1 days N/A
Gross Rental Yield Percent 4.07% N/A
demographics (median values)*
Total Population
14749
Weekly Household Income
1111
Household Size
2.50
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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