Giving property investors a a stable capital gain of 6.90% for the last year, Corinda, 4075 is the 1525th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Corinda has given property investors a paper return of 8.95%. This puts Suburb as 35 on a list of fastest fasting appreciating suburbs in QLD
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.31% offered to property buyers. Sellers in Corinda itself are offering an average vendor discount of -6.22% to real estate investors.
Over the last year, property investments in Corinda, 4075 have given investors a capital gain of 2.79%. This compares favourably with the 1.70% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Corinda has fallen somewhat when compared to the 5 year average annual rate.
Corinda4075 is located in QLD which offers an average discount of -5.97% to property investors. Corinda itself is showing figures that indicate -3.58% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Corinda have been waiting around 64.86 days to sell a property.
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.