Property investors who have had real estate in Corrimal, 2518 should be 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 15.55%
Across a shorter period, Corrimal, 2518 has seen a median price increase of 3.91% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Corrimal, 2518. Typically our figures indicate that -10.12% is being offered, which puts this NSW suburb at 316th most discounted overall in Australia.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 7.47%, investors should hope to achieve an overall return of 3.56%
Corrimal has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.92% to date .
If we look at median property appreciation over just the last three months, Corrimal has given property investors a paper return of 4.57%. This puts Suburb as 146 on a list of fastest fasting appreciating suburbs in NSW
Corrimal, 2518 is offering NSW ‘s 273th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
With the median price for a house in Corrimal being $491500 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.02%