Corlette is a mid-sized suburb in New South Wales within the Port Stephens local government area (postcode 2315). The area has roughly 5,699 residents and an older-leaning population, with a median age of 52. Households earn a median income of $81K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Corlette is $1.1 million, having fallen sharply by 11.7% over the past year. Units have a median price of $838,000 (-2.8% YoY). The current median weekly rent is $632. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,950.
Public transport access includes 42 bus stops. The crime rate in the Port Stephens LGA is below average at 3,252 incidents per 100,000 population.
From an investment perspective, Corlette shows a gross rental yield of approximately 3.1%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 13.0x is considered stretched. House prices have moved -11.7% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.