Over the last year, property investments in Corinda, 4075 have given investors a capital gain of -0.32%. This compares averagely with the 0.78% for QLD as a whole.
Over the longer term, Corinda has seen property prices show investors a 19.31% return over the last 3 years. This is worse than over the last 12 months
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 -7.54% is being offered, which puts this QLD suburb at 1146th most discounted overall in Australia.
On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.
At number 1227th 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 -10.47% recorded in median house prices.
A 2.94% growth in median value for property investors in Corinda,4075 puts this suburb at number 263th in terms of best performing suburbs in QLD
At number 116th of QLD’s most discounted properties, Corinda is in the middle of the state/territory when listing in order of most discounted to least.
At number 867 in a list of fastest selling suburbs, Corinda is in the bottom 40% of suburbs in Australia with an average of days on market 89.5385 for properties listed there.
With the median price for a house in Corinda being $385000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 5.27%
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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.