Investment property in Corrimal has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.23%
Corrimal,2518 was ranked 543 in Australia by increase in median property value over the quarter.
Corrimal, 2518 is offering NSW ‘s 349th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
Situated 61.61km from the CBD, Corrimal is one of Wollongong localities in the postcode 2518.
Property value increases in Corrimal have tracked lower than the NSW average of 2.17% over the last 12 months.
The five-year average increase in median property values for Corrimal,2518 has given property investors a potential capital gain of 40.58% across each of those five years.
The most recent median price for Corrimal is $485000, with sellers offering an average of -4.67% off the asking price.
Often selling an investment property can take time, and in Corrimal the average time real estate has been on the market is 52.03 days.
With the median price for a house in Corrimal being $485000 and the advertised rent reaching $405 the gross rental yield for property investors calculates out to be 4.34%