Suburb Profile Report for Corowa NSW (2646)

Corowa House: Median price $260,000, Annual capital growth 3.47%, Number of sales 131, Weekly median advertised rent $280

Corowa Unit: Median price $160,000, Annual capital growth 1.91%, Number of sales 22, Weekly median advertised rent $180

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Corowa, 2646 have given investors a capital gain of 10.64%. This compares very favourably with the -2.98% for NSW as a whole.

Corowa,2646 has offered an average of 10.64% 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 Corowa is offering property investors an average of -7.19. This rate of discount on properties puts Suburb at number 639th in terms of most discounted suburbs in NSW

At number 2391 in a list of fastest selling suburbs, Corowa is in the bottom 40% of suburbs in Australia with an average of days on market 90.8272 for properties listed there.

A $280 per week rent on the median house gives suburb investors a gross yield of circa 5.60%, without taking into account capital value appreciation, which has been averaging out at 3.47%.

Corowa is in the TOP 10% in NSW when comparing median price capital growth over the last year. Corowa gave property investors a very good capital gain figure when compared to the rest of the state, with 8.57%.

Corowa,2646 was ranked 1331 in Australia by increase in median property value over the quarter.

Corowa, 2646’s gross rental yield is 5.85%

Metrics i HOUSE UNIT
$260,000 $160,000
3.38% -4.48%
10.64% 8.57%
3.47% 1.91%
$280 $180
131 22
5.60% 5.85%
90.8271604938272 116.8

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5604
Median household income ($/weekly) 868
Median age of persons 46
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 707 12.6
    35-44 years 621 11.1
    45-54 years 745 13.3
    55-64 years 751 13.4
    65-74 years 668 11.9
    Others 2113 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 2151 52.7
    Not Married 1560 38.3
    Defacto Relationship 367 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4925 92.5
    Greece 28 0.5
    Papua New Guinea 68 1.3
    United Kingdom 165 3.1
    Other 32 0.6
    Others 104 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 0.6
    Christianity 4085 80.0
    Islam 12 0.2
    Other Religious Groups 6 0.1
    No Religion 962 18.8
    Others 11 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 211 10.3
    $400-$599 356 17.4
    $600-$799 220 10.7
    $800-$999 225 11.0
    $1,500-$1,999 232 11.3
    Others 807 39.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1867 43.1
    Employed, worked full-time 1471 33.9
    Employed, worked part-time 725 16.7
    Employed, away from work 156 3.6
    Unemployed, looking for work 114 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 281 12.0
    Professionals 276 11.8
    Technicians & trades workers 362 15.4
    Sales 229 9.8
    Labourers 546 23.3
    Others 653 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 88 7.9
    Infants/Primary 441 39.4
    Secondary 385 34.4
    Technical or Further Educational Institution 113 10.1
    University or other Tertiary Institutions 76 6.8
    Others 17 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4555 88.6
    Flat, unit or apartment 409 8.0
    Semi-detached, row or terrace house, townhouse 106 2.1
    Caravan, cabin, houseboat 60 1.2
    House or flat attached to a shop, office 13 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 925 41.8
    Being purchased 709 32.0
    Rented 564 25.5
    Other tenure type 15 0.7
    Tenure Type
Census 2011, ABS
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