Corrimal

POSTAL CODE: NSW, 2518

HOUSE

UNIT

Property investors enjoyed capital gains of 7.83% 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 8.09% growth over a ten-year period. It ranks 193rd on our list of suburbs that property investors should look into.

CORRIMAL, 2518 has a capital gain of 7.83% for the past year, which is lower than average compared to its 55% growth within a five-year period.

With the median home price in CORRIMAL sitting at $1,240,000, and the average rent at $780, property owners could potentially earn a 3.27% 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.

Based on its average 5-year and quarterly capital gains CORRIMAL, 2518 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.06% growth over a ten-year period. It ranks 460th on our list of suburbs that property investors should look into.

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

CORRIMAL, 2518 has a capital gain of 9.03% for the past year, which is higher than average compared to its 35.17% growth within a five-year period.

With the median home price in CORRIMAL sitting at $785,000, and the average rent at $600, property owners could potentially earn a 3.97% 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.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,240,000	$785,000
Growth Report
Median Quarterly	2.48%	-1.88%
Median 12 month	7.83%	9.03%
Median 3 years	16.43%	18.94%
Median 5 years	55%	35.17%
10 years average annual	8.09%	6.06%
Weekly media advert. rent	$780	$600
Time on Market	53.7 days	46.8 days
Gross Rental Yield Percent	3.27%	3.97%

Demographics (Median Values)*

Total Population 19067

Weekly Household Income 1153

Household Size 2.40

Average Age 41

Monthly Loan Repayment 1987

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

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