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 18.81%
If we look at median property appreciation over just the last three months, Corrimal has given property investors a paper return of 6.39%. This puts Suburb as 225 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Corrimal 2518 should be seeing an average reduction in asking price of around -8.49% . This means that Corrimal is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Corrimal the average time real estate has been on the market is 50.1 days.
At number 263th 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 15.25% recorded in median house prices.
Comparing Corrimal,2518 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Corrimal2518 is located in NSW which offers an average discount of -4.12% to property investors. Corrimal itself is showing figures that indicate -3.96% is the average achievable by property buyers investing in the suburb.
Situated 59.17km from the CBD, Corrimal is one of Wollongong localities in the postcode 2518.