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Corowa suburb profile

Corowa is a charming town located on the banks of the Murray River in New South Wales, known for its rich history and picturesque surroundings. Often referred to as the "Birthplace of Federation," Corowa played a significant role in Australia's journey to becoming a federation. The town offers a blend of historic architecture, lush parks, and a vibrant local community. With its proximity to the renowned Rutherglen wine region, Corowa is a popular destination for wine enthusiasts and those seeking a relaxed rural lifestyle. Its scenic riverfront, golf courses, and cultural events make it an appealing spot for both residents and visitors.

Corowa property market performance

Current median dwelling price$367,000Past 3 months

Property growth+9.3%Past 12 months

Corowa’s property market has experienced some unique trends over the past 12 months. The median house price has modestly increased by 2.5%, reaching $488,000. In contrast, unit values have surged by 15.8%, although the median unit price data isn't available, suggesting limited transactions.

In the sales arena, 36 houses and just 3 units have been sold recently, indicating a stronger market presence for houses. Houses are spending an average of 53 days on the market, with no recent data available for units, highlighting a potential lack of demand or availability.

Rental dynamics in Corowa show varied changes, with house rents rising by 3.3% to an average of $465, while units have seen an 11.3% increase, bringing the average rent to $345, reflecting shifts in rental demand.

HousesUnits
Median price
Past 3 months
$477KN/A
Change in value
Past 12 months
2.5%16.1%
Sold
Past 3 months
424
Median days on market
Past 12 months
6142
Average rent
Past 12 months
$470$340
Change in rent
Past 12 months
4.4%7.9%

5 year median price trend for houses and units

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Corowa demographics

Corowa, located on the banks of the Murray River in New South Wales, is a charming rural town known for its rich history and scenic beauty. With a population of 5,595, Corowa offers a peaceful lifestyle, attracting retirees and families who appreciate its relaxed pace and community spirit. The median age of 52 reflects a mature population, with many residents enjoying the town's tranquil environment and proximity to natural attractions.

The housing landscape in Corowa is characterized by a high rate of outright home ownership, with 47.6% of properties owned outright. This indicates a stable community with long-term residents who have established roots in the area. Additionally, 27.8% of properties are owned with a mortgage, while 24.6% are rented, providing a mix of housing options for both established families and newcomers.

Family life in Corowa is vibrant, with couple families without children making up 52.4% of the family demographic, followed by couple families with children at 30%. One-parent families account for 16.5%, highlighting the suburb's family-friendly nature. The town's economy is supported by agriculture, tourism, and local businesses, offering employment opportunities for residents. Corowa's blend of historical charm, community focus, and natural beauty makes it an appealing choice for those seeking a serene and fulfilling lifestyle.

Suburbs near Corowa

Some popular suburbs near Corowa include:

  • Wahgunyah: Known for its picturesque riverside setting and wineries, Wahgunyah is located directly across the Murray River from Corowa.
  • Rutherglen: Famous for its historic wineries and charming rural atmosphere, Rutherglen is situated to the west of Corowa.
  • Howlong: Offering a relaxed lifestyle with golf courses and river activities, Howlong lies to the east of Corowa.
  • Springhurst: Known for its rural charm and proximity to natural attractions, Springhurst is located to the southwest of Corowa.
  • Chiltern: Featuring a rich gold mining history and heritage buildings, Chiltern is situated to the south of Corowa.

How does Corowa compare to nearby suburbs?

  • Median house prices: Corowa’s median house price is 13.4% lower than Rutherglen’s.
  • House price growth: Over the past 12 months, house prices in Corowa have grown 10.0% higher than in Wahgunyah.
  • Selling speed for houses: Properties in Corowa are selling 4.7% faster than in Wahgunyah.

Choose the right real estate agents in Corowa

Choosing the right real estate agent in Corowa can have a big impact on your sale. While there are 20 real estate agents working in the suburb, but just 5 of them were responsible for 78.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 3%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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