East Corrimal (postcode 2518) is a smaller residential area in New South Wales within the Wollongong local government area. It is home to about 3,432 residents, with a settled mid-life population and a median age of 39. Households earn a median income of $79K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in East Corrimal is $1.7 million, having ticked up by 1.6% over the past year. Units have a median price of $768,000 (+12.9% YoY). The current median weekly rent is $688. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,167.
Public transport access includes 2 rail stations, 14 bus stops. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
From an investment perspective, East Corrimal shows a gross rental yield of approximately 2.1%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 21.9x is considered stretched. House prices have moved +1.6% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.