Suburb Profile Report for Corowa NSW (2646)

Corowa House: Median price $215,000, Annual capital growth 1.05%, Number of sales 109, Weekly median advertised rent $230

Corowa Unit: Median price $152,500, Annual capital growth -0.44%, 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

Property investors who have had real estate in Corowa, 2646 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.71%

Comparing Corowa,2646 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Corowa are currently offering property investors an average price cut of -6.47% below the asking price at the moment.

In the last year 109 properties changed hands in Corowa, which puts it as the 259th most active market in NSW when comparing the number of sales per suburb.

A $230 per week rent on the median house gives suburb investors a gross yield of circa 5.56%, without taking into account capital value appreciation, which has been averaging out at 1.05%.

Investment property in Corowa has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.73%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Corowa has fallen somewhat when compared to the 5 year average annual rate.

Corowa2646 is located in NSW which offers an average discount of -4.16% to property investors. Corowa itself is showing figures that indicate -7.22% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Corowa the average time real estate has been on the market is 131.58 days.

Property investors should expect to get $180 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$215,000 $152,500
1.90% 3.39%
-2.71% -6.73%
1.05% -0.44%
$230 $180
109 29
5.56% 6.14%
122.78 131.58

Source: CoreLogic

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