Over the last year, property investments in East Corrimal, 2518 have given investors a capital gain of 30.00%. This compares very favourably with the 11.53% for NSW as a whole.
A 65.25% growth in median value for property investors in East Corrimal,2518 puts this suburb at number 1083th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -3.89% to buyers in East Corrimal at the moment, which is less than average for the rest of NSW.
With the median price for a house in East Corrimal being $975000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 2.93%
If you compare the increase in value of investment property in East Corrimal, 2518 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 31.11%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in East Corrimal has increased when compared to the 5 year average annual rate.
East Corrimal, 2518 is offering NSW ‘s 354th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.
Property investors should expect to get $360 weekly from the median priced house in this suburb.