Property value increases in East Corrimal have tracked lower than the NSW average of 6.87% over the last 12 months.
Over the longer term, East Corrimal has seen property prices show investors a 24.59% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in East Corrimal itself are offering an average vendor discount of -1.35% to real estate investors.
The NSW suburb of East Corrimal, 2518 is in the Wollongong local government area.
Investment property in East Corrimal has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.94%
When looking at the potential capital gains offered to property investors over the last 3 years, East Corrimal comes in at number 32th in NSW.
Property buyers and investors in East Corrimal 2518 should be seeing an average reduction in asking price of around -6.77% . This means that East Corrimal is holding prices well when compared to other suburbs in NSW.
At number 23 in a list of fastest selling suburbs, East Corrimal is in the TOP 10% of suburbs in Australia with an average of days on market 30.45 for properties listed there.
Advertised rents are around the $360 mark per week – giving a return of 4.40% based on the median price in Suburb