Property value increases in Corinda have tracked lower than the QLD average of 2.40% over the last 12 months.
Taking the average capital gain, or increase in median house value, Corinda,4075 has racked up an average of -7.60% over the period. This ranks it number 1457th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Corinda is $650000, with sellers offering an average of -5.46% off the asking price.
At number 1090 in a list of fastest selling suburbs, Corinda is in the TOP 30% of suburbs in Australia with an average of days on market 61.12 for properties listed there.
Corinda, 4075’s gross rental yield is 3.60%
Property investors who have had real estate in Corinda, 4075 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.28%
While Corinda,4075 ranked number 93th in QLD for increase in median house value (annualised) increase, it is ranked 184th over the last 5 years.
Our latest figures would indicate that property sellers in Corinda are currently offering property investors an average price cut of -4.77% below the asking price at the moment.
In the last year 27 properties changed hands in Corinda, which puts it as the 261th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 5.12%, investors should hope to achieve an overall return of 4.46%
Brisbane suburb Corinda is situated around 9km southwest of the city’s CBD, on the south bank of the Brisbane river. It’s a largely residential suburb, albeit with the typical amenities you would expect to find in an inner-city fringe suburb. It’s also within easy reach of the large Indoorophilly shopping centre and facilities in neighbouring Graceville and Sherwood. It’s also bordered by a number of parks, and several golf courses lie to the east.Full summary
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Brisbane suburb Corinda is situated around 9km southwest of the city’s CBD, on the south bank of the Brisbane river. It’s a largely residential suburb, albeit with the typical amenities you would expect to find in an inner-city fringe suburb. It’s also within easy reach of the large Indoorophilly shopping centre and facilities in neighbouring Graceville and Sherwood. It’s also bordered by a number of parks, and several golf courses lie to the east.
Transport-wise, the suburb is very well-served: there are two direct rail links to the city – one travelling via the south bank of the river, the other via the University of Queensland – and the connecting rail link from Darra has been recently upgraded. While the river side of the suburb has historically been most popular with buyers and renters – not least due to the higher ground and views of Mount Coot-tha – there has been a spate of interest from renovators and redevelopers further east, with a number of townhouse complexes having been developed along Oxley Road.
Residents are typically affluent, young professionals, with incomes well above the state average. SQM Research believes there is a healthy rental market, with a vacancy rate of just 1.5%. Indeed, the strong yields are probably a result of the suburb’s affordability when compared to Graceville and Sherwood – even taking into account its strong capital growth over the last year, and boding well for the future.
Ideally, buy as close to the river as possible to take advantage of the views of Mount Coot-tha and command higher rental: should this not be possible, however, look for properties with reno or development potential in the roads near Oxley Street.