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Coorparoo
AREA REPORTS

Coorparoo

Coorparoo - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4151

house
unit

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 $1,250,000.

The upward trend in home prices in COORPAROO, 4151 averaged 16.49% per annum over a 3-year period.

Average weekly rents on listings have reached the $595 mark, reflecting a 2.48% increase in returns based on the current median price in COORPAROO.

An average of 19.5 real estate transactions take place per month in COORPAROO which translates to 234 per annum.

234 properties were sold in COORPAROO in 2016, making it the 545th most active market in QLD based on total real estate transactions.

COORPAROO, 4151 places 453rd in Australia based on median property value growth during the quarter.

Data report can be found below

Coorparoo
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,250,000 $450,500
GROWTH REPORT
Median Quarterly 5.93% 4.4%
Median 12 month 33.33% 14.92%
Median 3 years 49.48% 21.76%
Median 5 years 47.06% 4.77%
10 years average annual 7.49% 2.3%
Weekly media advert. rent $595 $390
Time on Market 30.0 days 31.6 days
Gross Rental Yield Percent 2.48% 4.5%
demographics (median values)*
Total Population
13796
Weekly Household Income
1114
Household Size
2.10
Age
34
Monthly Loan Repayment
1500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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