Property management in Coorparoo
Your suburb profile by Running Property
An older Brisbane suburb, Coorparoo (4151) is a popular area that’s undergoing something of a revival. Today, it’s home to nearly 15,000 people.
Thanks to its desirable location only 4 kilometres south-east of the Brisbane CBD, Coorparoo has become a very popular suburb for working professionals looking for a suburb close to the city, yet boasting generous-sized apartments and unique houses.
The suburb’s double-storey post-war homes, with their large backyards, are also popular with families. Coorparoo’s architecture boasts an eclectic mix of Queenslander-style homes, apartments, and distinctive “Spanish mission revival” style homes.
Once a quiet suburb, a recent influx of good quality restaurants and cafes has created a busier, funkier vibe. The Brisbane Lions make use of Coorparoo’s Giffin Park for many of their mid-week training sessions.
The former Myer department store on the corner of Old Cleveland Road and Cavendish Road has been demolished, to be replaced with three residential towers, commercial space, Dendy cinema, Aldi supermarket, and the new Eastern Busway station.
Data from realestate.com.au shows that the median Coorparoo house price was $807K in 2016, with the median unit price being $401K. For investment property owners, Coorparoo offers a median rent for houses of $495 per week, and the median rent for units $360 per week. Rental demand for both houses and units is high.
For expert advice on attracting the best quality tenants for your Coorparoo investment property, talk to the expert Running Property team. Our property managers have the local knowledge that can make all the difference to your rental return.
If you’d like a rental appraisal for your Coorparoo investment property, fill out the contact form here or call Running Property on 07 3392 1544 today.