Corlette has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 14.41% to date .
The five-year average increase in median property values for Corlette,2315 has given property investors a potential capital gain of 54.82% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.28% offered to property buyers. Sellers in Corlette itself are offering an average vendor discount of -3.60% to real estate investors.
Residents and property investors in Corlette have been waiting around 71.89 days to sell a property.
The NSW suburb of Corlette, 2315 is in the Port Stephens local government area.
With a capital gain of 14.00% for the last 12 months, Corlette, 2315 has performed for property investments than its average annual 2.44% property growth over the last 5 years.
While Corlette,2315 ranked number 263th in NSW for increase in median house value (annualised) increase, it is ranked 430th over the last 5 years.
Vendor discounting in Corlette is giving property investors an average Vendor Discount of around -2.18%. This puts suburb at number 418th in NSW when ranking the most discounted suburbs.
At number 267 in a list of fastest selling suburbs, Corlette is in the TOP 20% of suburbs in Australia with an average of days on market 49.13 for properties listed there.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.75%, without taking into account capital value appreciation, which has been averaging out at 2.44%.