Over the last year, property investments in Corlette, 2315 have given investors a capital gain of 1.58%. This compares badly with the 4.94% for NSW as a whole.
A 43.35% growth in median value for property investors in Corlette,2315 puts this suburb at number 717th in terms of best performing suburbs in NSW
At number 680th of NSW’s most discounted properties, Corlette is in the middle of the state/territory when listing in order of most discounted to least.
With a capital gain of 14.13% for the last 12 months, Corlette, 2315 has performed for property investments than its average annual 4.07% property growth over the last 5 years.
Corlette,2315 has offered an average of 14.13% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Corlette 2315 should be seeing an average reduction in asking price of around -3.13% . This means that Corlette is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Corlette have been waiting around 140.6 days to sell a property.
The NSW suburb of Corlette, 2315 is in the Port Stephens local government area.
Part of the Port Stephens LGA in NSW’s Hunter region, the suburb of Corlette is looking very tight for rentersFull summary
Information supplied by:
Vacancies are low
Median unit price: $528,500
Vacancy rate: 4.2%
Three-year growth: 33.8%
Part of the Port Stephens LGA in NSW’s Hunter region, the suburb of Corlette is looking very tight for renters. The average vacancy rate fell from 7.4% to 4.2% in the 12 months to June 2018, with rents at an average of $410 per week. The average yield comes in at a reasonable 4%.
Corlette is certainly looking to be popular with residents, as the suburb has recorded strong growth since 2013. In the June 2017-2018 period alone, the unit market saw prices soar by almost 20% to hit a median of $528,500.
Corlette is surrounded by water – it is bordered by Salamander Bay and Nelson Bay. The houses on the shores of Salamander Bay are said to command the highest prices. Port Stephens lies to the north of Corlette, and is home to a marine park. Close