Corlette is a mid-sized suburb in New South Wales within the Port Stephens local government area (postcode 2315). With a population of 5,699, the suburb has a mature demographic with a median age of 52. Households earn a median income of $81K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Corlette is $1.8 million, having surged 45.8% over the past year. Units have a median price of $775,000 (-10.2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $1,950.
Public transport access includes 42 bus stops. The crime rate in the Port Stephens LGA is below average at 3,106 incidents per 100,000 population.
From an investment perspective, Corlette offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 21.5x is considered stretched. House prices have moved +45.8% year-on-year.
Corlette is a mid-sized suburb in New South Wales within the Port Stephens local government area (postcode 2315). With a population of 5,699, the suburb has a mature demographic with a median age of 52. Households earn a median income of $81K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Corlette is $1.8 million, having surged 45.8% over the past year. Units have a median price of $775,000 (-10.2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $1,950.
Public transport access includes 42 bus stops. The crime rate in the Port Stephens LGA is below average at 3,106 incidents per 100,000 population.
From an investment perspective, Corlette offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 21.5x is considered stretched. House prices have moved +45.8% year-on-year.