Corlette is an average performer in NSW when comparing median price capital growth over the last year. Corlette gave property investors a good capital gain figure when compared to the rest of the state, with -1.29%.
The five-year average increase in median property values for Corlette,2315 has given property investors a potential capital gain of 36.30% across each of those five years.
Vendor discounting in Corlette is giving property investors an average Vendor Discount of around -6.38%. This puts suburb at number 553th in NSW when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $26780 per annum or $515 every week.
Investment property in Corlette 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 -3.38%
Over the longer term, Corlette has seen property prices show investors a 16.82% return over the last 3 years. This is worse than over the last 12 months
The NSW suburb of Corlette, 2315 is in the Port Stephens (A) local government area.
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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.