NSW has seen average median house prices change by 11.06% which means that Corrimal, 2518 has done well for property investors by showing a capital gain of 19.69% over the last year
Corrimal,2518 was ranked 767 in Australia by increase in median property value over the quarter.
Corrimal, 2518 is offering NSW ‘s 101th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
On average over the past year, suburb has had 8.08 sales per month, which equates to 97 per year.
Situated 62.65km from the CBD, Corrimal is one of Wollongong localities in the postcode 2518.
Corrimal is in the TOP 30% 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 15.91%.
Taking the average capital gain, or increase in median house value, Corrimal,2518 has racked up an average of 15.91% over the period. This ranks it number 94th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Corrimal are currently offering property investors an average price cut of -4.01% below the asking price at the moment.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 7.10%, investors should hope to achieve an overall return of 3.98%