Property investors who have had real estate in Corrimal, 2518 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.58%
While Corrimal,2518 ranked number 535th in NSW for increase in median house value (annualised) increase, it is ranked 541th over the last 5 years.
Property investors looking for a bargain in Corrimal should be aiming for at least -8.30% off the asking price, which is the average vendor discount being achieved at the moment.
With a capital gain of 11.44% for the last 12 months, Corrimal, 2518 has performed for property investments than its average annual 7.57% property growth over the last 5 years.
Corrimal,2518 has offered an average of 11.44% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Corrimal is offering property investors an average of -4.27. This rate of discount on properties puts Suburb at number 273th in terms of most discounted suburbs in NSW
Corrimal, 2518’s gross rental yield is 4.05%