Fraud Blocker

Corryong, VIC 3707

Home » VIC Real Estate Data » Towong Shire, VIC » Corryong, VIC 3707

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 Corryong, VIC 3707 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

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Corryong, VIC 3707”

  1. The total adult population (15 years or older) of Corryong 3707 VIC is 1,146, with a median age of 52. Of those, 44.50% are married, 14.14% are divorced or separated, 31.06% are single and 10.65% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,584. The median monthly mortgage repayment for households in this suburb is $888 which is 15.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of Corryong 3707 is estimated to have approximately 933 households. As of the third quarter in 2023, property market statistics reveal that the typical price for houses in Corryong 3707 is $358,127. These houses fetch a median weekly rent of $370, producing an attractive indicative yield of 5.38%.

    In terms of the socio-economic landscape, the suburb boasts an IRSAD score of 925 out of a potential 1,217. This suggests that residents of Corryong enjoy access to relatively good economic resources and potentially higher income levels than regions with a lower score.

    The renter to owner ratio in the suburb is 22%, indicating a healthier ratio where there is a larger proportion of homeowners, thereby potentially offering property owners stability and fewer fluctuations in rental income. Similarly, the units to houses ratio sits at a favourable 1% making the area more appealing to families and tenants seeking long-term leases, fostering a stable rental income for property investors.

    Corryong’s affordability index, reflecting on the time required to fully own a property given the current economic variables, is at a favourable 25 years. Lower than the standard 30-year mortgage expectation, it reveals that properties are relatively more affordable for households in the suburb.

    The supply metrics for Corryong are encouraging for investment, with a stock on market Percentage at a low 0.11%. Such a low percentage suggests a favorable market condition of low supply. Additionally, the inventory level for houses is at a low 0.44 months which forecasts property being snapped up quickly from the market. With building approvals for houses at 0.0%, there’s limited anticipation of sudden oversupply on the horizon.

    As for the demand metrics, houses in Corryong spend an average of 79 days on the market – a slightly longer duration that indicates moderate demand, while the vacancy rate for properties sits at a low 0.97%, displaying a high demand with limited supply. The buy search index for houses is at 3 which, slightly below the average, highlights a need to monitor the trend for any future investment decisions.

    Overall, with several favourable parameters, Corryong appears as a potentially attractive area for investment in the property market. However, understanding regional trends, monitoring market developments, and seeking professional advice will remain key for making profitable real estate investment decisions, given certain factors showing slightly less desirable figures. For a complete analysis, using tools like RCS (Relative Composite Score by HtAG Analytics) that comprehends over 80 metrics can be advantageous.

    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.

Leave a comment