Suburb Profile Report for Corlette NSW (2315)

Corlette House: Median price $675,000, Annual capital growth 4.40%, Number of sales 160, Weekly median advertised rent $500

Corlette Unit: Median price $460,000, Annual capital growth 2.44%, Number of sales 24, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$675,000 $460,000
4.01% 2.00%
14.41% 14.00%
4.40% 2.44%
$500 $420
160 24
3.85% 4.75%
71.89 49.13

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Corlette NSW
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