Corlette has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.54% to date .
Corlette,2315 was ranked 1207 in Australia by increase in median property value over the quarter.
Property buyers and investors in Corlette 2315 should be seeing an average reduction in asking price of around -5.49% . This means that Corlette is holding prices well when compared to other suburbs in NSW.
Corlette, 2315’s gross rental yield is 3.53%
Over the last year, property investments in Corlette, 2315 have given investors a capital gain of 8.79%. This compares very favourably with the -1.55% for NSW as a whole.
While Corlette,2315 ranked number 322th in NSW for increase in median house value (annualised) increase, it is ranked 96th over the last 5 years.
Renters in Suburb are facing rents around $19760 per annum or $380 every week.
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.