AREA REPORTS

Corrimal

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 12.62% 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 7.34% growth over a ten-year period. It ranks 563rd on our list of suburbs that property investors should look into.

CORRIMAL, 2518 has a capital gain of 12.62% for the past year, which is lower than average compared to its 78.01% growth within a five-year period.

With the median home price in CORRIMAL sitting at $805,500, and the average rent at $500, 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.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $805,500 $530,000
GROWTH REPORT
Median Quarterly 0.69% N/A
Median 12 month 12.62% 3.92%
Median 3 years 43.84% 39.47%
Median 5 years 78.01% 52.74%
10 years average annual 7.34% 8.64%
Weekly media advert. rent $500 $400
Time on Market 57.1 days 41.1 days
Gross Rental Yield Percent 3.23% 3.92%
demographics (median values)
Total Population
6533
Weekly Household Income
868.8
Household Size
2.40
demographics
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