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%