Are you looking to purchase a home or investment property in the sought after suburb of Corinda? We as Corinda Buyers Agents have made it easy for you by compiling everything we know into this Corinda Buyers Guide. This Article contains information about everything we know and what is important to know when choosing a place to live or to invest in.
Corinda is located approximately 14km from the Brisbane CBD towards the southwest. The area is vibrant and green. Corinda is located along the bank of the Brisbane River. The neighbourhood is hilly & elevated with some streets achieving views of the CBD. Corinda was first settled in the 1860s as a small farming community. Among the original settlers was the Francis family who in 1862 purchased 21 acres, which extended from the Brisbane River to Francis Lookout, a local heritage listed landmark on Dewar Terrace.
The number one most convenient transport option for locals is the Train line for access to the CBD. This is popular for high school students to get to school especially if they attend Brisbane Boys College or other private schools on the North side of the river. Many families live south of the river in Chelmer, Graceville, Sherwood & Corinda because of the convenience the public transport provides, and they are still able to achieve large homes on big blocks of land in quieter suburbs. To view the public transport options visit the Translink site HERE.
The State School options for Corinda include the highly desirable enrollment managed school Corinda State School & Sherwood State School. For high school, Corinda is in the catchment for Corinda State high School.
Most high-income earning families in the area choose to enroll their kids into private schools especially for the high school years. Some private schools close by include Brisbane Boys College, Brigidine College, St Peters Lutheran College, St Aidans Anglican Girls School & Ambrose Treacy College. When it comes to education, it is hard for us to tell you what the best school is in the Corinda Buyers Guide and this is because everyone’s preference if different when it comes to education. Click HERE to search the school catchments on a particular property address.
Corinda is a suburb that is yet to be established as its own in terms of providing entertainment amenities, aside from parks, cafes and the golf course. It is, however, just a short drive or walk to the array of surrounding activities.
Honour Avenue is the destination for a lovely Sunday out with cafes, restaurants and beautiful tree lined streets. You have easy access to Mount Cootha for a great hike or lunch with a view of Brisbane. Retail shopping is best done at Indooroopilly Shopping Centre and for a fun family adventure you can visit the Lone Pine Koala Sanctuary on the opposite of the river or head to Seventeen Mile Rocks riverside park which provides green space, large playground and a Waterpark for the kids.
There are some great green spaces in and near Corinda. Nearby you will find the Oxley Golf Complex, Dunlop Park, Ambiwerra Sports Groud & many more smaller parks around the residential areas.
Corinda is very centralised in terms of proximity to a number of different employment hubs on the southside. You can easily get to Ipswich, Annerley/Archerfield/Algester industrial zones and you are 14km from the CBD. The train service not only extends to the CBD, but also in the other direction to Ipswich.
Typical Block Size & Property Type:
Corinda typically has a mix of pre and post war homes. There is a small section of the suburb close to the train line and commercial hub that is zoned for medium density dwellings. Because there is a mix of the pre and post war homes there is opportunity for those that love to build their dream home to a modern standard and also those that love to renovate and live in a character Queenslander.
Typical block sizes in Corinda are 600sqm or larger, there are also a large number of 800sqm blocks as well. Most of the 800sqm blocks have character protected homes on them, so buyers need to consider this. As you move closer to the river, the blocks of land start to exceed 1,000sqm in size.
Corinda is an area with a higher than average level of wealth. The weekly family income is at $2,517 (Qld avg. $1,661). According to SQM research, the percentage of owner-occupiers is at 68.49% and 31.51% for renters. What you want to see is a superior percentage of owner occupiers in any particular suburb compared to renters. This shows the desirability of a suburb for owner occupiers which will help to drive capital growth due to desirability for the suburb over time.
Corinda is on the rise in terms of house prices. It is the next suburb out from Sherwood. In Sherwood, Graceville and Chelmer properties are very high in price and Corinda, at this stage is still more affordable. Because of the affordability, the area is rapidly gentrifying and prices are rising due to the demand.
Most Desirable Area:
Corinda is generally a desirable suburb. The best pockets are the locations that have high elevation away from flood and other impacts. The pocket between the train line and the Brisbane River is very elevated with quiet streets and high quality large Queenslander homes on large blocks of land. You may be able to find some of the elevated sites have views to the city.
Least Desirable Area:
The least desirable areas in Corinda are the low lying areas that are affected by flooding. As there is a cliff along the Brisbane river side of Corinda, this section is not impacted by flooding due to its elevation. On the other hand, the creek located on the opposite side of Corinda is low lying and the surrounding properties to the creek are subject to flooding.
Also, properties that are within very close proximity to the train line and main road are less desirable because they have noise impact. However these are otherwise desirable areas, so if you are looking to get into a good pocket within Corinda, a compromise of being closer to the train line may present property opportunities within a lower budget.
Median Price Values:
Median Price values in Corinda are $861,500 with the upper quartile price at $1,027,500 and the lower quartile price sitting at $622,500.
The capital growth rate for Corinda over the last 5 years has been 26.9%.
I hope the information in this Corinda Buyers Guide has been helpful on your quest to buy your next property in this location. If you need further help from and Corinda Buyers Agent to secure a property in this location we can help! Please reach out by booking a discovery call through the link below. To read other posts like this Corinda Buyers Guide click HERE.
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