Suburb Profile Report for Corlette NSW (2315)

Corlette House: Median price $699,000, Annual capital growth 4.65%, Number of sales 176, Weekly median advertised rent $480

Corlette Unit: Median price $545,000, Annual capital growth 6.08%, Number of sales 20, Weekly median advertised rent $360

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

NSW has seen average median house prices change by 1.39% which means that Corlette, 2315 has done well for property investors by showing a capital gain of 1.67% over the last year

Taking the average capital gain, or increase in median house value, Corlette,2315 has racked up an average of 1.67% over the period. This ranks it number 915th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Corlette is giving property investors an average Vendor Discount of around -5.39%. This puts suburb at number 870th in NSW when ranking the most discounted suburbs.

At number 1433 in a list of fastest selling suburbs, Corlette is in the TOP 40% of suburbs in Australia with an average of days on market 57.21 for properties listed there.

Corlette, 2315’s gross rental yield is 3.57%

Investment property in Corlette has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.10%

Corlette,2315 has offered an average of 10.10% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Corlette, 2315. Typically our figures indicate that -6.50% is being offered, which puts this NSW suburb at 561th most discounted overall in Australia.

Renters in Suburb are facing rents around $18720 per annum or $360 every week.

Information supplied by:


September 2018

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Part of the Port Stephens LGA in NSW’s Hunter region, the suburb of Corlette is looking very tight for rentersFull summary

Vacancies are low

Postcode: 2315

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
Metrics i HOUSE UNIT
$699,000 $545,000
-0.85% 3.32%
1.67% 10.10%
4.65% 6.08%
$480 $360
176 20
3.57% 3.43%
57.21 62.33

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4640
Median household income ($/weekly) 1105
Median age of persons 46
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 565 12.2
    35-44 years 569 12.3
    45-54 years 589 12.7
    55-64 years 647 13.9
    65-74 years 701 15.1
    Others 1568 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 2007 60.7
    Not Married 1042 31.5
    Defacto Relationship 255 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3630 82.2
    Papua New Guinea 73 1.7
    United Kingdom 360 8.2
    United States of America 40 0.9
    Other 81 1.8
    Others 231 5.2
    Country of Birth
    Census Count Percent(%)
    Christianity 3412 79.8
    No Religion 825 19.3
    Buddhism 22 0.5
    Other Religious Groups 11 0.3
    Hinduism 4 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 169 11.4
    $600-$799 171 11.6
    $800-$999 167 11.3
    $1,500-$1,999 178 12.0
    $2,000-$2,499 137 9.3
    Others 658 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1667 45.9
    Employed, worked full-time 1032 28.4
    Employed, worked part-time 698 19.2
    Employed, away from work 148 4.1
    Unemployed, looking for work 88 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 269 14.3
    Professionals 342 18.2
    Technicians & trades workers 280 14.9
    Clerical & administrative workers 249 13.3
    Sales 253 13.5
    Others 484 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 96 9.9
    Infants/Primary 343 35.4
    Secondary 326 33.6
    Technical or Further Educational Institution 70 7.2
    University or other Tertiary Institutions 106 10.9
    Others 29 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3202 77.2
    Semi-detached, row or terrace house, townhouse 770 18.6
    Flat, unit or apartment 168 4.1
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 721 43.8
    Being purchased 471 28.6
    Rented 448 27.2
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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