At number 3688th in the list of Australian suburbs ordered by increase in median house value over the last year, Corinda, 4075 is in the BOTTOM 20% with a property value increase of -8.06% recorded in median house prices.
Corinda,4075 has offered an average of -8.06% return per annum in house price rises to property investors over the last three 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 -5.84% is being offered, which puts this QLD suburb at 1956th most discounted overall in Australia.
Often selling an investment property can take time, and in Corinda the average time real estate has been on the market is 62.37 days.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 3.68%, without taking into account capital value appreciation, which has been averaging out at 5.66%.
With a capital gain of 15.09% for the last 12 months, Corinda, 4075 has performed for property investments than its average annual 5.21% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Corinda,4075 has racked up an average of 15.09% over the period. This ranks it number 643th in the whole country for real estate investors looking at median house price increases.
At number 282th of QLD’s most discounted properties, Corinda is in the TOP 20% of the state/territory when listing in order of most discounted to least.
In the last year 32 properties changed hands in Corinda, which puts it as the 234th most active market in QLD when comparing the number of sales per suburb.
Corinda, 4075’s gross rental yield is 4.52%
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.