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 $875,000.
The upward trend in home prices in COORPAROO, 4151 averaged 5.62% per annum over a 3-year period.
Average weekly rents on listings have reached the $490 mark, reflecting a 2.91% increase in returns based on the current median price in COORPAROO.
An average of 14.58 real estate transactions take place per month in COORPAROO which translates to 175 per annum.
175 properties were sold in COORPAROO in 2016, making it the 609th most active market in QLD based on total real estate transactions.
COORPAROO, 4151 places 699th in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $419,000.
Investors saw the median home price rise to $419,000.
The upward trend in home prices in COORPAROO, 4151 averaged 1.61% per annum over a 3-year period.
COORPAROO now ranks at the 244th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in COORPAROO are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $355 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In COORPAROO, homes and units usually stay on listing for an average of 98.2 days.
235 properties were sold in COORPAROO in 2016, making it the 219th most active market in QLD based on total real estate transactions.
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