Suburb Profile Report for Corowa NSW (2646)

Corowa House: Median price $215,000, Annual capital growth 0.69%, Number of sales 110, Weekly median advertised rent $230

Corowa Unit: Median price $158,000, Annual capital growth -0.23%, 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

If you compare the increase in value of investment property in Corowa, 2646 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.92%.

Corowa,2646 has offered an average of -0.92% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -7.73% to buyers in Corowa at the moment, which is less than average for the rest of NSW.

In the last year 110 properties changed hands in Corowa, which puts it as the 237th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $230 and the average annual increase in value of a median property of 0.69%, investors should hope to achieve an overall return of 5.56%

NSW has seen average median house prices change by 5.88% which means that Corowa, 2646 has done well for property investors by showing a capital gain of -0.63% over the last year

Corowa,2646 has offered an average of -0.63% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Corowa should be aiming for at least -6.48% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $180 and the average annual increase in value of a median property of -0.23%, investors should hope to achieve an overall return of 5.92%

Metrics i HOUSE UNIT
$215,000 $158,000
0.23% 11.86%
-0.92% -0.63%
0.69% -0.23%
$230 $180
110 29
5.56% 5.92%
134.47 122.36

Source: CoreLogic

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