Coorparoo

POSTAL CODE: QLD, 4151
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COORPAROO, 4151 ranks 433rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.81% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,820,000.

The upward trend in home prices in COORPAROO, 4151 averaged 11.18% per annum over a 3-year period.

Average weekly rents on listings have reached the $800 mark, reflecting a 2.29% increase in returns based on the current median price in COORPAROO.

An average of 12.17 real estate transactions take place per month in COORPAROO which translates to 146 per annum.

146 properties were sold in COORPAROO in 2016, making it the 779th most active market in QLD based on total real estate transactions.

COORPAROO, 4151 places 219th in Australia based on median property value growth during the quarter.

Surburb overview

Coorparoo is an inner suburb of Brisbane, Queensland, located approximately 5.7 kilometres south-east of the central business district. As of the 2021 census, it had 18,132 residents. 

The suburb has experienced steady population growth, with a notable increase from 14,944 residents in 2011 to 16,284 in 2016, reflecting a 9% growth. The predominant age group is 20-29, indicating a youthful demographic. Households in Coorparoo are primarily composed of childless couples, with many residents engaged in professional occupations. 

Coorparoo offers diverse housing options, including traditional Queenslanders, renovated post-war homes, and contemporary apartments. The median house price is approximately $1,657,500, with a compound growth rate of 13.6% for houses and 22.8% for units. The median house rent is around $750 per week, yielding an annual rental return of 2.7%. 

The suburb has amenities, including the Coorparoo Square shopping centre, which features retail outlets, dining options, and a cinema. Coorparoo is known for its many parks, boasting over 30 green spaces catering to various recreational activities. 

Coorparoo hosts several educational institutions, such as Coorparoo State School and Coorparoo Secondary College, which provide quality education options for area families.

The suburb benefits from efficient public transport links, including bus and train services that offer convenient access to Brisbane's CBD and surrounding areas. Its proximity to major roads also facilitates easy commuting for residents.

Residents describe Coorparoo as a family-friendly suburb with a strong sense of community. They appreciate the area's green spaces, cafes, and close-knit neighbourhood atmosphere. 

Coorparoo combines urban convenience with suburban charm, making it a desirable location for diverse residents. 

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