Suburb Profile Report for East Corrimal NSW (2518)

East Corrimal House: Median price $975,000, Annual capital growth 8.52%, Number of sales 31, Weekly median advertised rent $550

East Corrimal Unit: Median price $531,000, Annual capital growth 9.40%, Number of sales 45, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$975,000 $531,000
-0.31% 18.79%
30.00% 31.11%
8.52% 9.40%
$550 $360
31 45
2.93% 3.53%
49.85 27.93

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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