Suburb Profile Report for Corowa NSW (2646)

Corowa House: Median price $212,000, Annual capital growth 0.68%, Number of sales 114, Weekly median advertised rent $230

Corowa Unit: Median price $152,500, Annual capital growth -1.65%, Number of sales 29, Weekly median advertised rent $180

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

Source: CoreLogic

  • House Report
  • Unit Report

Corowa has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -4.07% to date .

Taking the average capital gain, or increase in median house value, Corowa,2646 has racked up an average of -4.07% over the period. This ranks it number 3424th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Corowa should be aiming for at least -6.97% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Corowa have been waiting around 122.83 days to sell a property.

Corowa, 2646’s gross rental yield is 5.64%

At number 1386th in the list of Australian suburbs ordered by increase in median house value over the last year, Corowa, 2646 is in the BOTTOM 20% with a property value increase of -4.39% recorded in median house prices.

Over the longer term, Corowa has seen property prices show investors a 7.02% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Corowa is $152500, with sellers offering an average of -6.67% off the asking price.

Corowa, 2646’s gross rental yield is 6.14%

Metrics i HOUSE UNIT
$212,000 $152,500
-1.40% -3.48%
-4.07% -4.39%
0.68% -1.65%
$230 $180
114 29
5.64% 6.14%
122.83 121.41

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 5604
Median household income ($/weekly) 868
Median age of persons 46
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 707 12.6
    35-44 years 621 11.1
    45-54 years 745 13.3
    55-64 years 751 13.4
    65-74 years 668 11.9
    Others 2113 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 2151 52.7
    Not Married 1560 38.3
    Defacto Relationship 367 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4925 92.5
    Greece 28 0.5
    Papua New Guinea 68 1.3
    United Kingdom 165 3.1
    Other 32 0.6
    Others 104 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 0.6
    Christianity 4085 80.0
    Islam 12 0.2
    Other Religious Groups 6 0.1
    No Religion 962 18.8
    Others 11 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 211 10.3
    $400-$599 356 17.4
    $600-$799 220 10.7
    $800-$999 225 11.0
    $1,500-$1,999 232 11.3
    Others 807 39.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1867 43.1
    Employed, worked full-time 1471 33.9
    Employed, worked part-time 725 16.7
    Employed, away from work 156 3.6
    Unemployed, looking for work 114 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 281 12.0
    Professionals 276 11.8
    Technicians & trades workers 362 15.4
    Sales 229 9.8
    Labourers 546 23.3
    Others 653 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 88 7.9
    Infants/Primary 441 39.4
    Secondary 385 34.4
    Technical or Further Educational Institution 113 10.1
    University or other Tertiary Institutions 76 6.8
    Others 17 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4555 88.6
    Flat, unit or apartment 409 8.0
    Semi-detached, row or terrace house, townhouse 106 2.1
    Caravan, cabin, houseboat 60 1.2
    House or flat attached to a shop, office 13 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 925 41.8
    Being purchased 709 32.0
    Rented 564 25.5
    Other tenure type 15 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals