Suburb Profile Report for East Corrimal NSW (2518)

East Corrimal House: Median price $805,000, Annual capital growth 6.71%, Number of sales 33, Weekly median advertised rent $485

East Corrimal Unit: Median price $420,000, Annual capital growth 6.48%, Number of sales 38, 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 6.27%. This compares averagely with the 7.28% for NSW as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, East Corrimal comes in at number 850th in NSW.

Our latest figures would indicate that property sellers in East Corrimal are currently offering property investors an average price cut of -1.35% below the asking price at the moment.

East Corrimal is 846th on a list of best yielding suburbs for rents in NSW with a 3.13% return

With a capital gain of 3.45% for the last 12 months, East Corrimal, 2518 has performed for property investments than its average annual 6.48% property growth over the last 5 years.

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.

Sellers are offering property buyers an average discount of -6.56% to buyers in East Corrimal at the moment, which is less than average for the rest of NSW.

East Corrimal is 197th on a list of best yielding suburbs for rents in NSW with a 4.46% return

HOUSE UNIT
$805,000 $420,000
4.89% 3.45%
6.27% 3.45%
6.71% 6.48%
$485 $360
33 38
3.13% 4.46%
74.92 29.52

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in East Corrimal NSW
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