Suburb Profile Report for East Corrimal NSW (2518)

East Corrimal House: Median price $814,375, Annual capital growth 7.02%, Number of sales 34, Weekly median advertised rent $480

East Corrimal Unit: Median price $443,000, Annual capital growth 7.98%, Number of sales 47, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 8.26% which means that East Corrimal, 2518 has done well for property investors by showing a capital gain of 5.76% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, East Corrimal comes in at number 852th in NSW.

Vendor discounting in East Corrimal is giving property investors an average Vendor Discount of around -1.35%. This puts suburb at number 1222th in NSW when ranking the most discounted suburbs.

At number 1312 in a list of fastest selling suburbs, East Corrimal is in the TOP 40% of suburbs in Australia with an average of days on market 66.66 for properties listed there.

East Corrimal, 2518’s gross rental yield is 3.06%

If you compare the increase in value of investment property in East Corrimal, 2518 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.23%.

Across a shorter period, East Corrimal, 2518 has seen a median price increase of 1.84% over the last quarter.

Our latest figures would indicate that property sellers in East Corrimal are currently offering property investors an average price cut of -5.30% below the asking price at the moment.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 7.98%, investors should hope to achieve an overall return of 4.23%

Metrics i HOUSE UNIT
$814,375 $443,000
7.15% 1.84%
5.76% 5.23%
7.02% 7.98%
$480 $360
34 47
3.06% 4.23%
66.66 26.03

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3159
Median household income ($/weekly) 1098
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 341 10.8
    25-34 years 479 15.2
    35-44 years 444 14.1
    45-54 years 450 14.2
    55-64 years 381 12.1
    Others 1064 33.7
    Age Group
    Census Count Percent(%)
    Not Married 1204 48.6
    Registered Married 1027 41.5
    Defacto Relationship 246 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2487 80.5
    Greece 33 1.1
    Papua New Guinea 39 1.3
    United Kingdom 174 5.6
    Other 80 2.6
    Others 277 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 1.8
    Christianity 2150 71.5
    Islam 46 1.5
    Other Religious Groups 15 0.5
    No Religion 728 24.2
    Others 11 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 111 9.0
    $400-$599 141 11.4
    $600-$799 125 10.1
    $800-$999 113 9.1
    $1,500-$1,999 164 13.2
    Others 584 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 955 37.8
    Not in the labour force 913 36.1
    Employed, worked part-time 456 18.0
    Employed, away from work 104 4.1
    Unemployed, looking for work 101 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 143 9.4
    Professionals 323 21.3
    Technicians & trades workers 251 16.6
    Community & personal service workers 206 13.6
    Clerical & administrative workers 216 14.3
    Others 376 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 59 8.3
    Infants/Primary 233 32.7
    Secondary 193 27.1
    Technical or Further Educational Institution 59 8.3
    University or other Tertiary Institutions 151 21.2
    Others 18 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1929 62.4
    Semi-detached, row or terrace house, townhouse 664 21.5
    Flat, unit or apartment 471 15.2
    Caravan, cabin, houseboat 18 0.6
    House or flat attached to a shop, office 10 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 527 39.4
    Fully owned 438 32.7
    Being purchased 368 27.5
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals