VIC has seen average median house prices change by -1.79% which means that Corryong, 3707 has not done well for property investors by showing a capital gain of 17.82% over the last year
If we look at median property appreciation over just the last three months, Corryong has given property investors a paper return of 7.89%. This puts Suburb as 25 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Corryong should be aiming for at least -10.59% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
Corryong, 3707’s gross rental yield is 6.34%
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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.