‘Nearology’ Factor Pushing Double-digit Growth In These WA Suburbs
Robust activity in Western Australia’s popular suburbs has caused property prices to skyrocket, yet buyers are still w...
Figures from the previous quarter show that capital gains for real estate buyers in CORINDA are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
On average, rents on listings have reached the $550 mark, reflecting a 3.33% increase in returns based on the current median price in CORINDA.
CORINDA, 4075 ranks 907th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 619th on the list of best yielding suburbs for rental properties in QLD, posting a 3.33% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-3.56%||1.96%|
|Median 3 years||6.83%||-4.14%|
|Median 5 years||35.43%||-5.23%|
|10 years average annual||4.31%||-0.11%|
|Weekly media advert. rent||$550||$380|
|Time on Market||38.1 days||39.1 days|
|Gross Rental Yield Percent||3.33%||4.74%|