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Corrimal is a suburb in City of Wollongong, Australia with 6519 residents. The median house price is $1.1M with a rental yield of 3.4%. Our analysis rates Corrimal with a suburb score of 75/100 for investment timing.
Property prices in this suburb are rising and capital growth momentum is positive. While the early buying opportunity has passed, the market continues to show strength. Monitor price growth trends and vendor discounting to time your investment.
75
out of 100
Suburb Score
14
investors
High Recent Price Growth
Low Vacancy Rate
Low Days of Supply
Buying Window: Strong investment potential with prices forecast to outperform the market average over 1-3 years. Key indicators signal favorable conditions for capital growth.
Upswing: Prices are rising and capital growth momentum is positive. While the early buying opportunity has passed, the market continues to show strength.
Consolidating: Prices may grow below average in the short term. Rental growth could also slow during this phase. Consider monitoring market indicators before investing.
Peak: Price growth is expected to slow down. Capital growth forecasts suggest this may not be the optimal time to invest. Consider waiting for better conditions.
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
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What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia — all in the one place. We do not include sub-division, house and land packages, or individual lots/land that is for sale.
Suburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
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Corrimal has a suburb score of 75/100 for investment timing, placing it in the moderate investment category within City of Wollongong. The suburb shows balanced fundamentals for property investment, with reasonable growth potential and stable rental returns. Investors seeking a mix of capital growth and rental yield may find Corrimal suitable for their portfolio.
Corrimal's capital growth outlook is moderate based on current market indicators. Corrimal shows stable growth fundamentals with some variation across different property types. Investors should consider factors like proximity to amenities, school catchments, and infrastructure developments when assessing individual property growth potential.
Corrimal is located within City of Wollongong Local Government Area in Australia. City of Wollongong encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Corrimal is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Corrimal is $1.1M based on recent sales data. As a premium suburb in City of Wollongong, Corrimal typically attracts investors focused on capital appreciation and wealth preservation through quality property assets.
Corrimal has an average rental yield of 3.4%, which is below the national average, which is common in premium or high-growth suburbs where investors prioritize capital appreciation over rental income. Investors in Corrimal typically focus on long-term wealth building rather than immediate cash flow.
Corrimal has a population of approximately 6519 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Corrimal is a medium-sized suburb with a balanced community feel and access to local services.
Corrimal's suburb score of 75/100 can be compared against other suburbs in City of Wollongong to identify relative investment value. With a score between 50-80, Corrimal sits in the middle tier of City of Wollongong suburbs. Some neighboring suburbs may offer better timing opportunities while others may be less favorable. Compare all suburbs in City of Wollongong using our platform to find the best investment opportunities.
