Suburb Profile Report for Corryong VIC (3707)

Corryong House: Median price $180,000, Annual capital growth 3.82%, Number of sales 28, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report

Investment property in Corryong has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.26%

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

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Corryong itself are offering an average vendor discount of -8.22% to real estate investors.

Metrics i HOUSE UNIT
$180,000 N/A
18.03% N/A
5.26% N/A
3.82% N/A
$250 N/A
28 N/A
7.22% N/A
144.25 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Above average (H)
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Demographics
Total population 1441
Median household income ($/weekly) 676
Median age of persons 48
Median housing loan repayment ($/monthly) 867
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 160 11.1
    35-44 years 151 10.5
    45-54 years 217 15.1
    55-64 years 187 13.0
    65-74 years 191 13.3
    Others 534 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 542 52.6
    Not Married 407 39.5
    Defacto Relationship 82 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1287 93.1
    Greece 10 0.7
    Japan 6 0.4
    United Kingdom 34 2.5
    Other 10 0.7
    Others 36 2.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1024 76.9
    No Religion 298 22.4
    Buddhism 6 0.5
    Other Religious Groups 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 83 16.0
    $400-$599 84 16.2
    $600-$799 84 16.2
    $800-$999 63 12.1
    $1,500-$1,999 38 7.3
    Others 167 32.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 522 45.7
    Employed, worked full-time 331 29.0
    Employed, worked part-time 219 19.2
    Employed, away from work 42 3.7
    Unemployed, looking for work 29 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 129 21.8
    Professionals 82 13.9
    Technicians & trades workers 90 15.2
    Community & personal service workers 66 11.2
    Labourers 71 12.0
    Others 153 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 19 6.9
    Infants/Primary 96 34.9
    Secondary 101 36.7
    Technical or Further Educational Institution 33 12.0
    University or other Tertiary Institutions 20 7.3
    Others 6 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1241 96.2
    House or flat attached to a shop, office 21 1.6
    Flat, unit or apartment 20 1.6
    Caravan, cabin, houseboat 8 0.6
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 255 44.7
    Rented 164 28.7
    Being purchased 148 25.9
    Other tenure type 4 0.7
    Tenure Type
Census 2011, ABS
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