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Corowa, NSW 2646

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Corowa, NSW 2646 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

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5BR

Rent 

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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3BR

Yield 

1BR

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Corowa, NSW 2646”

  1. The total adult population (15 years or older) of Corowa 2646 NSW is 4,785, with a median age of 52. Of those, 45.96% are married, 16.28% are divorced or separated, 28.55% are single and 9.22% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,204. The median monthly mortgage repayment for households in this suburb is $1,213 which is 19.55% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of New South Wales lies the suburb of COROWA 2646, home to an estimated 3,841 households. Moving into the third quarter of 2023, the typical house price in this suburb is just above half-a-million dollar mark, standing at $500,081. On the flip side, the weekly median rent sits comfortably at $357. Investment-conscious individuals and companies will find considerable appeal here, as the indicative yield for COROWA is 3.71%.

    Focusing on the socio-economic sector, COROWA holds an IRSAD score of 906 out of 1217. This score points to a steady economic environment with access to resources, industry, and potential growth. In terms of tenancy, the suburb has a healthy renter to owner ratio of 24%, which is significantly favourable for property investors based on general market standards.

    On a more detailed note, the proportion of units to houses in COROWA comes in at a mere 9%. This low saturation suggests fewer chances of rental competition amongst landlords, which could lead to better rental yields and longer tenancy periods.

    However, it is important to also note the affordability index for houses in the ‘unfavourable’ area, standing at 32 years. This suggest that it’s less affordable for families to buy and own homes in the area, which may influence the tenant-ownership ratios I’ve mentioned earlier.

    Tracking supply metrics, COROWA impresses further. The stock on market percentage for houses stands at an extremely favourable 0.2%, indicating a tight market. Following closely behind, the inventory level for houses is also favourable, at just under 1 month. Likewise, with a 0.33% building approval ratio, new housing supply appears to be low, potentially fueling sustained demand.

    Despite the favourable supply metrics, the demand factors reflect a challenging picture. With houses spending an average of 187 days on market, this suggests relatively low demand, which might be of concern for potential investors. Nonetheless, the vacancy rate is quite favourable at 1.09%, indicating a high occupancy rate. In the same vein, the buy search index for houses is 3, placing it in the neutral demand range.

    In tailoring an informed investment strategy for COROWA 2646, potential investors are advised to factor in not just these metrics, but also trends in the wider property market. A comprehensive approach, crunching numbers from all angles, is a sure way to generate the best possible outcomes in the Australian property market.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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