Suburb Profile Report for Corindi Beach NSW (2456)

Corindi Beach House: Median price $460,000, Annual capital growth 6.76%, Number of sales 43, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Corindi Beach, 2456 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 9.52%.

Comparing Corindi Beach,2456 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Corindi Beach is giving property investors an average Vendor Discount of around -3.15%. This puts suburb at number 1098th in NSW when ranking the most discounted suburbs.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.52%, without taking into account capital value appreciation, which has been averaging out at 6.76%.

Metrics i HOUSE UNIT
$460,000 N/A
-0.27% N/A
9.52% N/A
6.76% N/A
$400 N/A
43 N/A
4.52% N/A
90.3 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Corindi Beach NSW
Demographics
Total population 1453
Median household income ($/weekly) 982
Median age of persons 38
Median housing loan repayment ($/monthly) 1600
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 259 17.8
    25-34 years 147 10.1
    35-44 years 203 14.0
    45-54 years 230 15.8
    55-64 years 208 14.3
    Others 406 27.9
    Age Group
    Census Count Percent(%)
    Registered Married 527 54.2
    Not Married 330 33.9
    Defacto Relationship 116 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1236 89.5
    Italy 9 0.7
    Papua New Guinea 25 1.8
    United Kingdom 53 3.8
    Other 19 1.4
    Others 39 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 919 70.4
    No Religion 342 26.2
    Other Religious Groups 27 2.1
    Buddhism 14 1.1
    Islam 4 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 61 13.5
    $600-$799 52 11.5
    $800-$999 46 10.2
    $1,000-$1,249 52 11.5
    $1,500-$1,999 63 13.9
    Others 179 39.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 412 39.4
    Employed, worked full-time 340 32.5
    Employed, worked part-time 198 18.9
    Unemployed, looking for work 58 5.5
    Employed, away from work 38 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 93 16.2
    Technicians & trades workers 105 18.3
    Community & personal service workers 81 14.1
    Clerical & administrative workers 71 12.3
    Labourers 75 13.0
    Others 150 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 26 7.2
    Infants/Primary 152 42.3
    Secondary 113 31.5
    Technical or Further Educational Institution 37 10.3
    University or other Tertiary Institutions 25 7.0
    Others 6 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1325 98.9
    Caravan, cabin, houseboat 9 0.7
    Semi-detached, row or terrace house, townhouse 6 0.4
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 200 40.6
    Fully owned 148 30.0
    Rented 145 29.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals