Corinda has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -7.96% to date .
Taking the average capital gain, or increase in median house value, Corinda,4075 has racked up an average of -7.96% over the period. This ranks it number 1434th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Corinda are currently offering property investors an average price cut of -5.78% below the asking price at the moment.
Corinda, 4075’s gross rental yield is 3.61%
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 14.89%
The five-year average increase in median property values for Corinda,4075 has given property investors a potential capital gain of 1.99% across each of those five years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.79% offered to property buyers. Sellers in Corinda itself are offering an average vendor discount of -4.77% to real estate investors.
Situated 9.08km from the CBD, Corinda is one of Brisbane localities in the postcode 4075.
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.