Corinda has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 11.22% to date .
If we look at median property appreciation over just the last three months, Corinda has given property investors a paper return of 10.53%. This puts Suburb as 28 on a list of fastest fasting appreciating suburbs in QLD
At number 697th of QLD’s most discounted properties, Corinda is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Corinda is 738th on a list of best yielding suburbs for rents in QLD with a 3.06% return
If you compare the increase in value of investment property in Corinda, 4075 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 12.11%.
While Corinda,4075 ranked number 47th in QLD for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.
Renters in Suburb are facing rents around $20540 per annum or $395 every week.
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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.