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AREA REPORTS

Corinda

Suburb Profile

Corinda - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4075

house
unit

Property investors enjoyed capital gains of 9.37% over the last 12 months in CORINDA, translating to lower returns compared with its peers in QLD.

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.

The suburb posted a 21% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

On average, rents on listings have reached the $480 mark, reflecting a 2.81% increase in returns based on the current median price in CORINDA.

CORINDA, 4075 ranks 165th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 737th on the list of best yielding suburbs for rental properties in QLD, posting a 2.81% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $887,500 $415,750
GROWTH REPORT
Median Quarterly 4.41% -1.31%
Median 12 month 9.37% 7.99%
Median 3 years 21% -5.3%
Median 5 years 26.79% -3.31%
10 years average annual 3.19% 0.17%
Weekly media advert. rent $480 $400
Time on Market 67.3 days 58.2 days
Gross Rental Yield Percent 2.81% 5%
demographics (median values)
Total Population
4455
Weekly Household Income
1136
Household Size
2.50
demographics
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