Giving property investors a a solid capital gain of 26.91% for the last year, Corryong, 3707 is the 102th highest performer in Australia in this respect.
Corryong,3707 was ranked 3072 in Australia by increase in median property value over the quarter.
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A shining jewel in Upper Murray
Median house price: $177,500
Three-year growth: 5.7%
Rental yield: 7.3%
Corryong is considered the gem of the Upper Murray region. It is situated within the largest township in the Towong Shire, and its location near the Murray Valley Highway makes it very accessible. The median price comes in under $200,000, and since 2014, Corryong has been on an upward trajectory.
Corryong has a tranquil vibe, with stunning views of the valleys. Eucalyptus and pine trees bring greenery to the streets. The Burrowa-Pine Mountain National Park is nearby, and houses the Cudgewa Bluff Falls.
The annual Man from Snowy River Bush Festival celebrates the story of Jack Riley, the Man from Snowy River. Hansen Street acts as the suburb’s shopping district, and the local sports complex is on Jardine Street.