Corowa

POSTAL CODE: NSW, 2646

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains COROWA, 2646 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 COROWA, 2646 obtained a 8.8% growth over a ten-year period. It ranks 635th on our list of suburbs that property investors should look into.

COROWA, 2646 in NSW belongs to the local government area of Federation.

COROWA, 2646 has a capital gain of 3.96% for the past year, which is lower than average compared to its 70.53% growth within a five-year period.

With the median home price in COROWA sitting at $486,000, and the average rent at $477.5, property owners could potentially earn a 5.11% increase in gross rental yield.

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

Homeowners and real estate investors betting on COROWA, 2646 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 11.68%.

A steady increase in median property prices over a five-year period in COROWA, 2646 translates to a 16.33% capital gain.

Property investors enjoyed capital gains of 11.68% over the last 12 months in COROWA, translating to lower returns compared with its peers in NSW.

COROWA, 2646 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $349,000.

Profits due to an upward trend in home prices in COROWA, 2646 averaged 5.44% per annum over a 3-year period.

Home owners selling their properties and realtors in COROWA usually have to wait an average of 61.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $340 mark, reflecting a 5.07% increase in returns based on the current median price in COROWA.

COROWA, 2646 places 188th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$486,000	$349,000
Growth Report
Median Quarterly	0%	2.65%
Median 12 month	3.96%	11.68%
Median 3 years	11.72%	16.33%
Median 5 years	70.53%	117.78%
10 years average annual	8.8%	9.79%
Weekly media advert. rent	$478	$340
Time on Market	86.7 days	61.5 days
Gross Rental Yield Percent	5.11%	5.07%

Demographics (Median Values)*

Total Population 6758

Weekly Household Income 1027

Household Size 2.20

Average Age 48

Monthly Loan Repayment 1200

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

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