Suburb Profile Report for Corryong VIC (3707)

Corryong House: Median price $192,500, Annual capital growth 3.54%, Number of sales 29, Weekly median advertised rent $260

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

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

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  • House Report

Giving property investors a a solid capital gain of 10.00% for the last year, Corryong, 3707 is the 489th highest performer in Australia in this respect.

Corryong,3707 was ranked 110 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Corryong, 3707. Typically our figures indicate that -10.46% is being offered, which puts this VIC suburb at 216th most discounted overall in Australia.

In the last year 29 properties changed hands in Corryong, which puts it as the 506th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Corryong, 3707 is in the Towong (S) local government area.

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A shining jewel in Upper Murray

Postcode: 3707

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.

Metrics i HOUSE UNIT
$192,500 N/A
12.24% N/A
10.00% N/A
3.54% N/A
$260 N/A
29 N/A
7.02% N/A
119.071428571429 N/A

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

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 1441
Median household income ($/weekly) 676
Median age of persons 48
Median housing loan repayment ($/monthly) 867
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 160 11.1
    35-44 years 151 10.5
    45-54 years 217 15.1
    55-64 years 187 13.0
    65-74 years 191 13.3
    Others 534 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 542 52.6
    Not Married 407 39.5
    Defacto Relationship 82 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1287 93.1
    Greece 10 0.7
    Japan 6 0.4
    United Kingdom 34 2.5
    Other 10 0.7
    Others 36 2.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1024 76.9
    No Religion 298 22.4
    Buddhism 6 0.5
    Other Religious Groups 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 83 16.0
    $400-$599 84 16.2
    $600-$799 84 16.2
    $800-$999 63 12.1
    $1,500-$1,999 38 7.3
    Others 167 32.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 522 45.7
    Employed, worked full-time 331 29.0
    Employed, worked part-time 219 19.2
    Employed, away from work 42 3.7
    Unemployed, looking for work 29 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 129 21.8
    Professionals 82 13.9
    Technicians & trades workers 90 15.2
    Community & personal service workers 66 11.2
    Labourers 71 12.0
    Others 153 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 19 6.9
    Infants/Primary 96 34.9
    Secondary 101 36.7
    Technical or Further Educational Institution 33 12.0
    University or other Tertiary Institutions 20 7.3
    Others 6 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1241 96.2
    House or flat attached to a shop, office 21 1.6
    Flat, unit or apartment 20 1.6
    Caravan, cabin, houseboat 8 0.6
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 255 44.7
    Rented 164 28.7
    Being purchased 148 25.9
    Other tenure type 4 0.7
    Tenure Type
Census 2011, ABS
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