Suburb Profile Report for Corinda QLD (4075)

Corinda House: Median price $905,000, Annual capital growth 4.48%, Number of sales 83, Weekly median advertised rent $480

Corinda Unit: Median price $407,500, Annual capital growth -0.18%, Number of sales 50, Weekly median advertised rent $368

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Corinda have tracked just lower than the QLD average of 12.16% over the last 12 months.

Across a shorter period, Corinda, 4075 has seen a median price increase of 8.71% over the last quarter.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in Corinda itself are offering an average vendor discount of -5.08% to real estate investors.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 2.76%, without taking into account capital value appreciation, which has been averaging out at 4.48%.

Corinda, 4075 ranked 302th in QLD when comparing growth in median property values or capital gain over the last 12 months. Corinda is one of 2415 in our list for QLD

If we look at median property appreciation over just the last three months, Corinda has given property investors a paper return of 0.00%. This puts Suburb as 269 on a list of fastest fasting appreciating suburbs in QLD

At number 103th of QLD’s most discounted properties, Corinda is in the middle of the state/territory when listing in order of most discounted to least.

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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.

Metrics i HOUSE UNIT
$905,000 $407,500
8.71% 0.00%
5.23% -3.55%
4.48% -0.18%
$480 $368
83 50
2.76% 4.69%
38.7755102040816 42.5161290322581

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 4695
Median household income ($/weekly) 1519
Median age of persons 39
Median housing loan repayment ($/monthly) 2123
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 607 12.9
    25-34 years 605 12.9
    35-44 years 673 14.3
    45-54 years 623 13.3
    55-64 years 548 11.7
    Others 1640 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 1654 49.5
    Not Married 1435 42.9
    Defacto Relationship 255 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3373 77.3
    Indonesia 49 1.1
    Papua New Guinea 133 3.0
    United Kingdom 275 6.3
    Other 171 3.9
    Others 365 8.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 1.6
    Christianity 2840 67.8
    Hinduism 56 1.3
    Islam 32 0.8
    No Religion 1167 27.9
    Others 26 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 142 9.2
    $1,500-$1,999 159 10.3
    $2,000-$2,499 148 9.6
    $2,500-$2,999 182 11.8
    $3,000-$3,499 129 8.4
    Others 781 50.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1392 40.1
    Not in the labour force 1121 32.3
    Employed, worked part-time 738 21.2
    Unemployed, looking for work 117 3.4
    Employed, away from work 105 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 291 13.0
    Professionals 793 35.5
    Technicians & trades workers 219 9.8
    Community & personal service workers 186 8.3
    Clerical & administrative workers 366 16.4
    Others 381 17.0
    Occupation
    Census Count Percent(%)
    Pre-school 67 5.6
    Infants/Primary 448 37.3
    Secondary 262 21.8
    Technical or Further Educational Institution 69 5.8
    University or other Tertiary Institutions 319 26.6
    Others 35 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3480 80.9
    Flat, unit or apartment 482 11.2
    Semi-detached, row or terrace house, townhouse 340 7.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 578 34.7
    Being purchased 570 34.2
    Fully owned 511 30.7
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
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