Suburb Profile Report for Coorparoo QLD (4151)

Coorparoo House: Median price $947,500, Annual capital growth 3.73%, Number of sales 182, Weekly median advertised rent $508

Coorparoo Unit: Median price $385,000, Annual capital growth 0.29%, Number of sales 160, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

Property investors who have had real estate in Coorparoo, 4151 should be relatively 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 10.69%

If we look at median property appreciation over just the last three months, Coorparoo has given property investors a paper return of 0.53%. This puts Suburb as 521 on a list of fastest fasting appreciating suburbs in QLD

Property investors looking for a bargain in Coorparoo should be aiming for at least -4.57% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Coorparoo the average time real estate has been on the market is 53.7297 days.

Situated 5.20km from the CBD, Coorparoo is one of Brisbane (C) localities in the postcode 4151.

At number 623th in the list of Australian suburbs ordered by increase in median house value over the last year, Coorparoo, 4151 is in the top half with a property value increase of 5.19% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Coorparoo comes in at number 180th in QLD.

The most recent median price for Coorparoo is $385000, with sellers offering an average of -3.20% off the asking price.

On average over the past year, suburb has had 13.33 sales per month, which equates to 160 per year.

With the median price for a house in Coorparoo being $385000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.13%

Metrics i HOUSE UNIT
$947,500 $385,000
0.53% 2.67%
10.69% 5.19%
3.73% 0.29%
$508 $380
182 160
2.79% 5.13%
53.7297297297297 54.0366972477064

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 14944
Median household income ($/weekly) 1523
Median age of persons 33
Median housing loan repayment ($/monthly) 2152
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1457 9.7
    20-24 years 1408 9.4
    25-34 years 3366 22.5
    35-44 years 2436 16.3
    45-54 years 1875 12.5
    Others 4402 29.5
    Age Group
    Census Count Percent(%)
    Not Married 5516 47.9
    Registered Married 4451 38.7
    Defacto Relationship 1539 13.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 10668 75.3
    Indonesia 432 3.0
    Papua New Guinea 544 3.8
    United Kingdom 550 3.9
    Other 769 5.4
    Others 1211 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 259 1.9
    Christianity 9127 67.1
    Hinduism 356 2.6
    Islam 241 1.8
    No Religion 3414 25.1
    Others 204 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 544 9.5
    $1,250-$1,499 478 8.4
    $1,500-$1,999 765 13.4
    $2,000-$2,499 562 9.8
    $2,500-$2,999 602 10.5
    Others 2770 48.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5976 50.0
    Not in the labour force 2798 23.4
    Employed, worked part-time 2329 19.5
    Employed, away from work 472 3.9
    Unemployed, looking for work 388 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 1081 12.3
    Professionals 3070 35.0
    Technicians & trades workers 818 9.3
    Community & personal service workers 754 8.6
    Clerical & administrative workers 1428 16.3
    Others 1624 18.5
    Occupation
    Census Count Percent(%)
    Pre-school 185 5.3
    Infants/Primary 1033 29.5
    Secondary 601 17.2
    Technical or Further Educational Institution 305 8.7
    University or other Tertiary Institutions 1247 35.6
    Others 131 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8450 60.1
    Flat, unit or apartment 4220 30.0
    Semi-detached, row or terrace house, townhouse 1378 9.8
    House or flat attached to a shop, office 6 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2826 46.0
    Being purchased 1848 30.1
    Fully owned 1440 23.5
    Other tenure type 23 0.4
    Tenure Type
Census 2011, ABS
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