Suburb Profile Report for Corlette NSW (2315)

Corlette House: Median price $631,250, Annual capital growth 3.84%, Number of sales 167, Weekly median advertised rent $478

Corlette Unit: Median price $440,000, Annual capital growth 2.57%, Number of sales 17, Weekly median advertised rent $398

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Corlette has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.54%

While Corlette,2315 ranked number 740th in NSW for increase in median house value (annualised) increase, it is ranked 728th over the last 5 years.

The most recent median price for Corlette is $631250, with sellers offering an average of -4.78% off the asking price.

Corlette, 2315’s gross rental yield is 3.93%

Property investors who have had real estate in Corlette, 2315 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.00%

Over the longer term, Corlette has seen property prices show investors a 23.94% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Corlette, 2315. Typically our figures indicate that -3.74% is being offered, which puts this NSW suburb at 1151th most discounted overall in Australia.

The NSW suburb of Corlette, 2315 is in the Port Stephens local government area.

HOUSE UNIT
$631,250 $440,000
1.81% 1.15%
9.54% 10.00%
3.84% 2.57%
$478 $398
167 17
3.93% 4.70%
79.22 68.33

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 4640
Median household income ($/weekly) 1105
Median age of persons 46
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 565 12.2
    35-44 years 569 12.3
    45-54 years 589 12.7
    55-64 years 647 13.9
    65-74 years 701 15.1
    Others 1568 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 2007 60.7
    Not Married 1042 31.5
    Defacto Relationship 255 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3630 82.2
    Papua New Guinea 73 1.7
    United Kingdom 360 8.2
    United States of America 40 0.9
    Other 81 1.8
    Others 231 5.2
    Country of Birth
    Census Count Percent(%)
    Christianity 3412 79.8
    No Religion 825 19.3
    Buddhism 22 0.5
    Other Religious Groups 11 0.3
    Hinduism 4 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 169 11.4
    $600-$799 171 11.6
    $800-$999 167 11.3
    $1,500-$1,999 178 12.0
    $2,000-$2,499 137 9.3
    Others 658 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1667 45.9
    Employed, worked full-time 1032 28.4
    Employed, worked part-time 698 19.2
    Employed, away from work 148 4.1
    Unemployed, looking for work 88 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 269 14.3
    Professionals 342 18.2
    Technicians & trades workers 280 14.9
    Clerical & administrative workers 249 13.3
    Sales 253 13.5
    Others 484 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 96 9.9
    Infants/Primary 343 35.4
    Secondary 326 33.6
    Technical or Further Educational Institution 70 7.2
    University or other Tertiary Institutions 106 10.9
    Others 29 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3202 77.2
    Semi-detached, row or terrace house, townhouse 770 18.6
    Flat, unit or apartment 168 4.1
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 721 43.8
    Being purchased 471 28.6
    Rented 448 27.2
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals