AREA REPORTS

Corrimal

 

 

NSW/
Corrimal

Suburb Profile

Corrimal - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2518

house
unit

Property investors enjoyed capital gains of 6.56% over the last 12 months in CORRIMAL, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 8.62% growth over a ten-year period. It ranks 258th on our list of suburbs that property investors should look into.

CORRIMAL, 2518 has a capital gain of 6.56% for the past year, which is lower than average compared to its 89.44% growth within a five-year period.

With the median home price in CORRIMAL sitting at $852,500, and the average rent at $530, property owners could potentially earn a 3.23% increase in gross rental yield.

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

CORRIMAL, 2518 in NSW belongs to the local government area of Wollongong (C).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $852,500 $560,000
GROWTH REPORT
Median Quarterly -0.87% -0.18%
Median 12 month 6.56% 4.58%
Median 3 years 40.33% 30.23%
Median 5 years 89.44% 64.71%
10 years average annual 8.62% 9.28%
Weekly media advert. rent $530 $400
Time on Market 65.8 days 67.8 days
Gross Rental Yield Percent 3.23% 3.71%
demographics (median values)
Total Population
6533
Weekly Household Income
868.8
Household Size
2.40
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Big four banks

Popular lenders issue spate of rate cuts

Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...

RBA

Predictions for the official cash rate as fresh data released

An update to the consumer price index for the March quarter saw it hold steady and not move at all – which means a May rate cut could be ...

Aerial of suburbs

Push for 'long overdue' property minister ramps up

One industry body has continued its calls to establish a dedicated property services commissioner and take away property powers from the NSW...

Sydney

Sydney infrastructure spending ‘mishmash’ cops heat

Fresh research has found that the system for determining infrastructure charges is “poor” and needs to be reworked. ...

Bill Shorten

Federal election 2019: Labor’s negative gearing, tax reforms explained

Depending on who wins the May 2019 federal elections, property investors could be facing major changes in policies. Smart Property Investmen...

Aerial shot of suburbs

Current negative gearing policy v Labor’s negative gearing policy

Negative gearing has long been popular as a tax minimisation strategy, allowing investors to offset losses incurred against their taxable in...