If you compare the increase in value of investment property in Corrimal, 2518 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 11.77%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Corrimal has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -9.44% to buyers in Corrimal at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.
Corrimal, 2518’s gross rental yield is 3.81%
Property value increases in Corrimal have tracked just lower than the NSW average of 5.73% over the last 12 months.
Corrimal,2518 was ranked 781 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Corrimal is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 363th in terms of most discounted suburbs in NSW
Corrimal, 2518’s gross rental yield is 4.24%