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