At number 1001th 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 10.90% recorded in median house prices.
Across a shorter period, Corrimal, 2518 has seen a median price increase of 1.59% over the last quarter.
Corrimal, 2518 is offering NSW ‘s 669th 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.
If you compare the increase in value of investment property in Corrimal, 2518 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.76%.
While Corrimal,2518 ranked number 448th in NSW for increase in median house value (annualised) increase, it is ranked 204th over the last 5 years.
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 -2.97% is being offered, which puts this NSW suburb at 1311th most discounted overall in Australia.
Often selling an investment property can take time, and in Corrimal the average time real estate has been on the market is 46.93 days.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.25%, without taking into account capital value appreciation, which has been averaging out at 4.42%.