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AREA REPORTS

Corrimal

Corrimal - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2518

house
unit

Property investors enjoyed capital gains of 10.92% 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 7.14% growth over a ten-year period. It ranks 16th on our list of suburbs that property investors should look into.

CORRIMAL, 2518 has a capital gain of 10.92% for the past year, which is higher than average compared to its 38.65% growth within a five-year period.

With the median home price in CORRIMAL sitting at $800,000, and the average rent at $540, property owners could potentially earn a 3.51% increase in gross rental yield.

A 10.92% increase in median property prices in CORRIMAL, 2518 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 11th.

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 $800,000 $579,000
GROWTH REPORT
Median Quarterly 0.95% -1.86%
Median 12 month 10.92% -3.34%
Median 3 years 1.17% 3.95%
Median 5 years 38.65% 34.65%
10 years average annual 7.14% 8.28%
Weekly media advert. rent $540 $390
Time on Market 50.9 days 47.5 days
Gross Rental Yield Percent 3.51% 3.5%
demographics (median values)
Total Population
6533
Weekly Household Income
868.8
Household Size
2.40
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