At number 728th in the list of Australian suburbs ordered by increase in median house value over the last year, Corrimal, 2518 is in the top 20% with a property value increase of 14.40% recorded in median house prices.
The five-year average increase in median property values for Corrimal,2518 has given property investors a potential capital gain of 58.54% across each of those five years.
Our latest figures would indicate that property sellers in Corrimal are currently offering property investors an average price cut of -9.90% below the asking price at the moment.
On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.
With the median price for a house in Corrimal being $715000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.64%
Corrimal is an average performer in NSW when comparing median price capital growth over the last year. Corrimal gave property investors a good capital gain figure when compared to the rest of the state, with 8.29%.
A 54.57% growth in median value for property investors in Corrimal,2518 puts this suburb at number 66th in terms of best performing suburbs in NSW
The most recent median price for Corrimal is $490000, with sellers offering an average of -3.50% off the asking price.
With the median price for a house in Corrimal being $490000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.03%