At number 1515th in the list of Australian suburbs ordered by increase in median house value over the last year, Corinda, 4075 is in the top 40% with a property value increase of 7.21% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Corinda comes in at number 36th in QLD.
LACK OF BUYER INTEREST may well be the reason that Corinda is offering property investors an average of -7.29. This rate of discount on properties puts Suburb at number 265th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Corinda the average time real estate has been on the market is 69.33 days.
Property investors should expect to get $470 weekly from the median priced house in this suburb.
Giving property investors a an average capital gain of 2.33% for the last year, Corinda, 4075 is the 879th highest performer in Australia in this respect.
Over the longer term, Corinda has seen property prices show investors a 17.33% return over the last 3 years. This is worse than over the last 12 months
At number 162th of QLD’s most discounted properties, Corinda is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Corinda have been waiting around 89.68 days to sell a property.
Corinda is 300th on a list of best yielding suburbs for rents in QLD with a 4.55% return
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.