Top 2 reasons to buy real estate in Corinda

If you’re looking to buy a property in 2019, Corinda is a suburb that should be on your radar – for two key reasons:

1.       Its potential for future capital growth, and

2.      Liveability

Potential for future capital growth

Simply put, the term capital growth means the increase in value of an asset over time – something that we all want to see in our investments! Ideally when we purchase a property, we’d like to think that it will be worth more in the future than what we pay for it today.

Potential for future capital growth is important to buyers and sellers alike. It helps give buyers confidence that the area is a good one to invest in, which in turn creates a healthy market for sellers who are looking to move on from their current investment.

Did you know that according to RP Data, house prices in Corinda have increased by nearly 53% in the past 5 years[1]? The good news doesn’t stop there. Corinda was also recently identified as one of the top Brisbane suburbs to watch for price growth in 2019 (Read this article for more information).

So – despite past strong growth in the Corinda property market, experts are saying that there remains the opportunity for more to come!

 

Liveability

The second top reason to buy property in Corinda is because of its liveability. Liveability is all about lifestyle. It considers the various elements that make our lives all that more enjoyable – optimising the best bits (such as close proximity to rivers, parks and great schools) and limiting the frustrations (such as commute times to the CBD).

In mid-2018, Corinda came in at 5th in a list of Brisbane’s best lifestyle suburbs[2]. This strong result followed on from a national report by Realestate.com that ranked Corinda at 6th place across the country!

This came of no surprise to us at Archiville, as we have been living in the area for the past 4 years, and have come to grasp a first-hand appreciation of just how great it is.  Some of the key elements that make Corinda a highly desirable place to live includes:

  • Quiet, leafy streets with many renovated Queenslander style homes

  • Accessibility to local schools:

    two private schools – St Aidan’s Anglican Girls School and St Joseph’s Catholic School

    two public schools - Corinda State Primary School and Corinda State High School

  • A range of coffee shops, and restaurants  

    FUN FACT: In 2018 Corinda came in at number 7 on the list of  Brisbane’s Best Suburbs for Foodies to Buy a Home!

  • Spoilt for choice in terms of shopping, with a Coles and Woolworths very close by, and major shopping centres such as Indooroopilly shopping centre, Mt Ommaney, and Garden City all within an approximate 10 km radius to Corinda.

  • Local train station – conveniently situated just 10 stops from Central Station in Brisbane City

  • Great parks and playgrounds, off-leash dog areas, and a wonderful local pool

  • Recently renovated local library run by Brisbane City Council

  • Local 18 hole golf course

These are just some of our favourite things about Corinda that makes it a highly desirable place to live. Make sure to comment below if you think there is something missing from the list!


[1] Source: CoreLogic

[2] Source: https://www.realestate.com.au/news/qld/brisbane/where-are-the-best-suburbs-to-live-in-brisbane/