Suburb Profile Report for East Corrimal NSW (2518)

East Corrimal House: Median price $825,000, Annual capital growth 8.23%, Number of sales 23, Weekly median advertised rent $510

East Corrimal Unit: Median price $430,000, Annual capital growth 7.40%, Number of sales 27, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

East Corrimal, 2518 ranked 1119th in NSW when comparing growth in median property values or capital gain over the last 12 months. East Corrimal is one of 3163 in our list for NSW

Taking the average capital gain, or increase in median house value, East Corrimal,2518 has racked up an average of -13.48% over the period. This ranks it number 1738th in the whole country for real estate investors looking at median house price increases.

Often selling an investment property can take time, and in East Corrimal the average time real estate has been on the market is 106.25 days.

Using the current median advertised rental of $510 and the average annual increase in value of a median property of 8.23%, investors should hope to achieve an overall return of 3.21%

Property investors who have had real estate in East Corrimal, 2518 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -18.48%

The five-year average increase in median property values for East Corrimal,2518 has given property investors a potential capital gain of 25.92% across each of those five years.

East Corrimal2518 is located in NSW which offers an average discount of -6.83% to property investors. East Corrimal itself is showing figures that indicate -7.52% is the average achievable by property buyers investing in the suburb.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.35%, without taking into account capital value appreciation, which has been averaging out at 7.40%.

Metrics i HOUSE UNIT
$825,000 $430,000
3.13% -11.34%
-13.48% -18.48%
8.23% 7.40%
$510 $360
23 27
3.21% 4.35%
106.25 46.3181818181818

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 3159
Median household income ($/weekly) 1098
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 341 10.8
    25-34 years 479 15.2
    35-44 years 444 14.1
    45-54 years 450 14.2
    55-64 years 381 12.1
    Others 1064 33.7
    Age Group
    Census Count Percent(%)
    Not Married 1204 48.6
    Registered Married 1027 41.5
    Defacto Relationship 246 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2487 80.5
    Greece 33 1.1
    Papua New Guinea 39 1.3
    United Kingdom 174 5.6
    Other 80 2.6
    Others 277 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 1.8
    Christianity 2150 71.5
    Islam 46 1.5
    Other Religious Groups 15 0.5
    No Religion 728 24.2
    Others 11 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 111 9.0
    $400-$599 141 11.4
    $600-$799 125 10.1
    $800-$999 113 9.1
    $1,500-$1,999 164 13.2
    Others 584 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 955 37.8
    Not in the labour force 913 36.1
    Employed, worked part-time 456 18.0
    Employed, away from work 104 4.1
    Unemployed, looking for work 101 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 143 9.4
    Professionals 323 21.3
    Technicians & trades workers 251 16.6
    Community & personal service workers 206 13.6
    Clerical & administrative workers 216 14.3
    Others 376 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 59 8.3
    Infants/Primary 233 32.7
    Secondary 193 27.1
    Technical or Further Educational Institution 59 8.3
    University or other Tertiary Institutions 151 21.2
    Others 18 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1929 62.4
    Semi-detached, row or terrace house, townhouse 664 21.5
    Flat, unit or apartment 471 15.2
    Caravan, cabin, houseboat 18 0.6
    House or flat attached to a shop, office 10 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 527 39.4
    Fully owned 438 32.7
    Being purchased 368 27.5
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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