At number 1208th in the list of Australian suburbs ordered by increase in median house value over the last year, Corrimal, 2518 is in the top 30% with a property value increase of 10.17% recorded in median house prices.
Corrimal,2518 was ranked 1220 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.31% to buyers in Corrimal at the moment, which is less than average for the rest of NSW.
Situated 62.68km from the CBD, Corrimal is one of Wollongong localities in the postcode 2518.
With a capital gain of 6.97% for the last 12 months, Corrimal, 2518 has performed for property investments than its average annual 4.73% property growth over the last 5 years.
Comparing Corrimal,2518 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Corrimal itself are offering an average vendor discount of -3.04% to real estate investors.
Often selling an investment property can take time, and in Corrimal the average time real estate has been on the market is 49.34 days.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 4.73%.