Suburb Profile Report for Corlette NSW (2315)

Corlette House: Median price $675,000, Annual capital growth 4.19%, Number of sales 146, Weekly median advertised rent $495

Corlette Unit: Median price $460,000, Annual capital growth 1.92%, Number of sales 24, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report

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 10.38%

The five-year average increase in median property values for Corlette,2315 has given property investors a potential capital gain of 53.76% across each of those five years.

Our latest figures would indicate that property sellers in Corlette are currently offering property investors an average price cut of -3.34% below the asking price at the moment.

In the last year 146 properties changed hands in Corlette, which puts it as the 143th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $495 and the average annual increase in value of a median property of 4.19%, investors should hope to achieve an overall return of 3.81%

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 10.84%

Across a shorter period, Corlette, 2315 has seen a median price increase of 0.33% over the last quarter.

Corlette2315 is located in NSW which offers an average discount of -4.13% to property investors. Corlette itself is showing figures that indicate -2.13% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Corlette have been waiting around 55.37 days to sell a property.

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

Metrics i HOUSE UNIT
$675,000 $460,000
1.50% 0.33%
10.38% 10.84%
4.19% 1.92%
$495 $430
146 24
3.81% 4.86%
67.78 55.37

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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