East Corrimal, 2518 ranked 746th in NSW when comparing growth in median property values or capital gain over the last 12 months. East Corrimal is one of 3163 in our list for NSW
Comparing East Corrimal,2518 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in East Corrimal itself are offering an average vendor discount of -1.35% to real estate investors.
In the last year 35 properties changed hands in East Corrimal, which puts it as the 881th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $487.5 and the average annual increase in value of a median property of 6.80%, investors should hope to achieve an overall return of 3.15%
East Corrimal has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.78% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, East Corrimal comes in at number 43th in NSW.
Our latest figures would indicate that property sellers in East Corrimal are currently offering property investors an average price cut of -6.47% below the asking price at the moment.
In the last year 39 properties changed hands in East Corrimal, which puts it as the 319th most active market in NSW when comparing the number of sales per suburb.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 6.52%.