Suburb Profile Report for Corlette NSW (2315)

Corlette House: Median price $620,000, Annual capital growth 3.52%, Number of sales 160, Weekly median advertised rent $473

Corlette Unit: Median price $440,000, Annual capital growth 3.53%, Number of sales 16, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Corlette is in the TOP 30% in NSW when comparing median price capital growth over the last year. Corlette gave property investors a good capital gain figure when compared to the rest of the state, with 12.73%.

Corlette,2315 has offered an average of 12.73% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Corlette is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 615th in terms of most discounted suburbs in NSW

At number 2074 in a list of fastest selling suburbs, Corlette is just in the bottom half of suburbs in Australia with an average of days on market 84.87 for properties listed there.

If you compare the increase in value of investment property in Corlette, 2315 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.69%.

Corlette,2315 was ranked 112 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -4.47% to buyers in Corlette at the moment, which is less than average for the rest of NSW.

Residents and property investors in Corlette have been waiting around 87 days to sell a property.

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

HOUSE UNIT
$620,000 $440,000
5.08% 9.05%
12.73% 10.69%
3.52% 3.53%
$473 $400
160 16
3.96% 4.73%
84.87 87

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (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
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Recent sales & rentals