Suburb Profile Report for Corryong VIC (3707)

Corryong House: Median price $205,000, Annual capital growth 4.06%, Number of sales 28, Weekly median advertised rent $250

  • 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.

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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%

Information supplied by:




M
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W
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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
$205,000 N/A
7.89% N/A
17.82% N/A
4.06% N/A
$250 N/A
28 N/A
6.34% N/A
110.846153846154 N/A

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 : Balanced (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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