Over the last year, property investments in Corinda, 4075 have given investors a capital gain of 10.08%. This compares very favourably with the 2.45% for QLD as a whole.
The five-year average increase in median property values for Corinda,4075 has given property investors a potential capital gain of 22.82% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Corinda, 4075. Typically our figures indicate that -9.71% is being offered, which puts this QLD suburb at 324th most discounted overall in Australia.
Advertised rents are around the $450 mark per week – giving a return of 3.20% based on the median price in Suburb
Corinda has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 6.83% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Corinda has increased when compared to the 5 year average annual rate.
Property buyers and investors in Corinda 4075 should be seeing an average reduction in asking price of around -6.05% . This means that Corinda is holding prices well when compared to other suburbs in QLD.
In the last year 51 properties changed hands in Corinda, which puts it as the 167th most active market in QLD when comparing the number of sales per suburb.
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.