Suburb Profile Report for East Corrimal NSW (2518)

East Corrimal House: Median price $950,000, Annual capital growth 8.98%, Number of sales 31, Weekly median advertised rent $488

East Corrimal Unit: Median price $443,000, Annual capital growth 7.96%, Number of sales 44, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

East Corrimal is in the TOP 10% in NSW when comparing median price capital growth over the last year. East Corrimal gave property investors a very good capital gain figure when compared to the rest of the state, with 26.12%.

While East Corrimal,2518 ranked number 26th in NSW for increase in median house value (annualised) increase, it is ranked 489th over the last 5 years.

Sellers are offering property buyers an average discount of 0.00% to buyers in East Corrimal at the moment, which is less than average for the rest of NSW.

East Corrimal is 959th on a list of best yielding suburbs for rents in NSW with a 2.67% return

Property investors who have had real estate in East Corrimal, 2518 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.02%

While East Corrimal,2518 ranked number 364th in NSW for increase in median house value (annualised) increase, it is ranked 201th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that East Corrimal is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 395th in terms of most discounted suburbs in NSW

A $355 per week rent on the median house gives suburb investors a gross yield of circa 4.17%, without taking into account capital value appreciation, which has been averaging out at 7.96%.

Metrics i HOUSE UNIT
$950,000 $443,000
20.25% 0.68%
26.12% 3.02%
8.98% 7.96%
$488 $355
31 44
2.67% 4.17%
59 20.63

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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