Coorparoo suburb profile
Coorparoo is a vibrant suburb located just 4km southeast of Brisbane's CBD, known for its blend of urban convenience and suburban tranquility. It offers a diverse range of housing options, from charming Queenslanders to modern apartments, attracting families, professionals, and retirees. Coorparoo boasts excellent amenities, including shopping centers, cafes, and restaurants, as well as parks and recreational facilities. The suburb is well-serviced by public transport, with easy access to bus and train services. Its community-focused atmosphere, coupled with proximity to the city, makes Coorparoo a popular choice for those seeking a balanced lifestyle.
Coorparoo property market performance
Coorparoo's property market has shown stability and growth over the past 12 months. While the median house value has remained unchanged at $1.33 million, unit values have surged by 21.7%, reaching a median price of $692,500. This indicates a strong demand for units in the area.
Sales activity has been robust, with 38 houses and 47 units sold in the past three months. Notably, units are selling much faster, with a median of just 11 days on the market compared to 25 days for houses, highlighting a competitive unit market.
In the rental market, house rents have remained steady over the last 12 months at $630 per week, while unit rents have increased by 4.5%, averaging $575 per week. This suggests a growing interest in rental units in Coorparoo.
Median price - houses$1.33MPast 3 months
Median price - units$693KPast 3 months
Change in value - houses-0.8%12 months
Change in value - units21.7%12 months
Houses sold38Past 3 months
Units sold47Past 3 months
Median DOM - houses25Past 12 months
Median DOM - units11Past 12 months
Average rent - houses$630Past 12 months
Average rent - units$575Past 12 months
Change in rent - houses-3.1%Past 12 months
Change in rent - units4.5%Past 12 months
Coorparoo demographics
Coorparoo, a charming suburb located just 4 kilometers southeast of Brisbane's CBD, is known for its leafy streets, vibrant community, and convenient access to urban amenities. With a population of 18,132 and a median age of 35, Coorparoo attracts a diverse mix of residents, including young professionals, families, and retirees. The suburb's proximity to the city, coupled with its relaxed suburban feel, makes it an appealing choice for those seeking a balanced lifestyle.
The housing landscape in Coorparoo is varied, with a significant portion of properties being rented, accounting for 46% of the suburb's dwellings. This high rental rate reflects its popularity among those seeking flexible living arrangements, such as students and young professionals. Meanwhile, 22.2% of properties are owned outright, and 31.8% are owned with a mortgage, indicating a stable homeowner base and a mix of long-term residents and new buyers entering the market.
Family dynamics in Coorparoo are diverse, with couple families with children making up 41.7% of the population, while couple families without children account for 43.6%. One-parent families represent 11.3% of households, and other family types make up 3.4%. This variety in household composition contributes to a vibrant community atmosphere, supported by local schools, parks, and recreational facilities. Coorparoo's blend of urban convenience, community spirit, and green spaces makes it a sought-after suburb for many Brisbane residents.
Coorparoo infrastructure, key developments and investment opportunities
Coorparoo is experiencing significant developments that are likely to impact its property market. The recently completed Coorparoo Square, a $232 million mixed-use development, has transformed the suburb's central precinct, introducing new retail, dining, and entertainment options along with residential apartments. This project has enhanced the area's urban appeal and could potentially boost property values in the vicinity.
The suburb's excellent transport links, including multiple bus routes and proximity to train stations, continue to be a draw for residents. Ongoing improvements to local parks and green spaces, such as the upgrades to Coorparoo Creek Park, are enhancing livability. With its mix of quality schools, both public and private, and its location just 5km from Brisbane's CBD, Coorparoo remains an attractive option for families and professionals, likely sustaining strong demand for properties in the area.
Coorparoo rental market trends
The rental market in Coorparoo has shown stability, with house rents remaining unchanged at $630 per week over the past year, while unit rents have experienced a modest increase of 4.5% to $575 per week. This steady performance reflects Coorparoo's appeal as a balanced and attractive suburb for both renters and investors seeking consistent returns.
Suburbs near Coorparoo
Some popular suburbs near Coorparoo include: