Corrimal is a mid-sized suburb in New South Wales within the Wollongong local government area (postcode 2518). With a population of 6,972, the suburb has an established demographic with a median age of 41. Households earn a median income of $78K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Corrimal is $720,000, having dropped significantly 41.9% over the past year. Units have a median price of $712,000 (-8.7% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $2,167.
Corrimal is served by 5 schools, including 3 primary, 1 secondary, 1 special. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 5 rail stations, 30 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Corrimal offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($720K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -41.9% year-on-year.
Corrimal is a mid-sized suburb in New South Wales within the Wollongong local government area (postcode 2518). With a population of 6,972, the suburb has an established demographic with a median age of 41. Households earn a median income of $78K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Corrimal is $720,000, having dropped significantly 41.9% over the past year. Units have a median price of $712,000 (-8.7% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $2,167.
Corrimal is served by 5 schools, including 3 primary, 1 secondary, 1 special. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 5 rail stations, 30 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Corrimal offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($720K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -41.9% year-on-year.