Coorparoo QLD 4151
Unveiling Coorparoo: Your Ultimate Guide to Brisbane’s Vibrant Suburb by Buyers Agent Coorparoo
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Coorparoo: Where Community Spirit Meets Modern Living in Brisbane
Welcome to Coorparoo, a charming suburb located just 4 km southeast of Brisbane’s bustling CBD. Known for its vibrant community, excellent schools, and diverse housing options, Coorparoo is a highly sought-after location for families, professionals, and investors alike.
Education, Social Economics, and Lifestyle
Coorparoo is renowned for its excellent educational institutions, making it a prime location for families. Notable schools include:
- Coorparoo State School: Established in 1876, this primary school provides a strong educational foundation and includes a special education program.
- St James Primary School: A Catholic school offering a faith-based education to approximately 140 students.
- Our Lady of Mount Carmel School: A larger Catholic primary school with around 576 students, known for its comprehensive approach to education.
- Villanova College: A Catholic boys’ school catering to students from grades 5 to 12, with a focus on academic and personal development.
- Brisbane School of Distance Education: Offers flexible learning options for over 3,400 students, accommodating various educational needs.
Coorparoo’s socio-economic status is high, with an IRSAD score of 1089, indicating a relatively affluent community. The suburb features a mix of long-term residents and newer families and professionals, creating a diverse and vibrant social fabric.
Lifestyle in Coorparoo is enriched by a variety of amenities. The dining scene is particularly vibrant, with popular spots like Martha Street offering numerous cafes and eateries. Coorparoo Square, a major retail and residential complex, provides a central hub for shopping, dining, and entertainment, including the Dendy Cinemas.
Recreational facilities are abundant, with several parks such as Whites Hill Reserve and activities and community events. These parks provide residents with ample opportunities for picnics, sports, walking trails, and other recreational pursuits. Additionally, the suburb’s friendly and safe environment is ideal for families and professionals, fostering a strong sense of community spirit.
Public Transport, Employment, and Crime
Coorparoo is well-connected to Brisbane’s public transport network, making commuting convenient for residents. The suburb is serviced by several bus routes, including the 220, 222, and 61 lines, which provide easy access to various parts of Brisbane. The Coorparoo train station, located on the Cleveland line, offers quick and efficient travel to the Brisbane CBD and other suburbs. This connectivity is a significant draw for professionals working in the city but preferring the suburban lifestyle.
Employment opportunities are diverse, with the suburb hosting a variety of businesses, including retail shops, restaurants, cafes, and professional services. The development of Coorparoo Square has significantly enhanced local job opportunities. Additionally, the proximity to Brisbane’s central business district means that residents have access to a wide range of job opportunities in sectors such as finance, education, healthcare, and corporate services.
Coorparoo is generally considered a safe suburb with a low crime rate. Residents frequently highlight the suburb’s secure environment, noting the absence of common urban issues such as stray animals and public disturbances. This perception of safety is supported by active community programs and neighborhood watch initiatives, making this suburb particularly appealing to families and professionals seeking a secure living environment.
Demographics
Coorparoo has a population of approximately 16,284, reflecting a 9% growth from 2011. The median age of residents is 34 years, indicating a relatively young population with a mix of families, singles, and professionals. The suburb has a balanced mix of property owners and renters, with about 55% of properties being owner-occupied and 45% rented. This dynamic supports a stable residential community with a healthy mix of long-term residents and newer arrivals.
The household composition is diverse. Couples without children are the most common household type, followed by families with children and single-person households. This diversity contributes to the suburb’s inclusive and vibrant community, appealing to a wide range of demographics.
Geographical Overview
Situated on varied topography, including rolling hills that provide scenic views and create distinct neighborhoods within the suburb. This geographical diversity adds to the suburb’s charm and appeal, offering a range of property types from traditional Queenslanders to modern apartments.
Flood Risks
While Coorparoo has experienced flooding in the past, significant areas within the suburb are not at high risk. Prospective buyers should consult flood maps and consider property elevation to mitigate potential risks. The local government and community have implemented various measures to manage and reduce the impact of flooding, contributing to the suburb’s resilience.
Market Overview (May 2024)
The housing market in Coorparoo is characterised by high property values and quick sales. As of May 20024, the typical price for a house is $1,600,000, with a median weekly rent of $760. Although the rental yield for houses stands at 2.47%, slightly below the recommended 3%, the high property values and low vacancy rate of 1.08% indicate a strong and stable market. Houses here typically stay on the market for 21 days, and the average hold period is 11 years, reflecting long-term ownership satisfaction.
| Metric | Value | Context/Remark |
|---|---|---|
| Typical Price | $1,600,000 | High property value, indicating desirability and affluence. |
| Median Rent | $760 | Reflects high rental costs aligning with property values. |
| Yield | 2.47% | Below the recommended 3%, less attractive for investors. |
| IRSAD | 1089 | High socio-economic status. |
| Renter/Owner Ratio | 45% | Balanced residential community. |
| Units/Houses Ratio | 52% | Higher than desirable for house-dominant communities. |
| Affordability Index | 54 years | Indicates high property prices relative to incomes. |
| Stock on Market | 0.38% | Tight housing supply. |
| Inventory | 1.24 months | Low inventory, seller’s market. |
| Building Approvals Ratio | 0.62% | Moderate new development activity. |
| Hold Period | 11.0 years | Indicates long-term ownership satisfaction. |
| Days on Market (DOM) | 21 days | Quick selling market. |
| Vacancy Rate | 1.08% | Balanced rental market. |
| Buy Search Index | 4 | Neutral interest from buyers. |
| Clearance Rate | 57.41% | Steady market activity. |
For those considering apartments, Coorparoo offers a more affordable entry point with a typical price of $575,500 and a median rent of $530 per week. The rental yield for units is a solid 4.8%, making them an attractive option for investors. Apartments have a quick turnaround time on the market, averaging just 19 days, and a similarly low vacancy rate of 1.08%. The average hold period for units is 9.23 years, suggesting moderate ownership duration.
| Metric | Value | Context/Remark |
|---|---|---|
| Typical Price | $575,500 | Moderately priced units. |
| Median Rent | $530 | Reasonable rent, good value for tenants. |
| Yield | 4.8% | Attractive for investors, above 3%. |
| IRSAD | 1089 | High socio-economic status. |
| Renter/Owner Ratio | 45% | Balanced community. |
| Units/Houses Ratio | 52% | High proportion of units. |
| Affordability Index | 22 years | Accessible for buyers. |
| Stock on Market | 0.28% | Limited availability, high demand. |
| Inventory | 0.93 months | Strong seller’s market. |
| Building Approvals Ratio | 0.0% | No new developments, stable supply. |
| Hold Period | 9.23 years | Moderate ownership duration. |
| Days on Market (DOM) | 13 days | Very quick selling market. |
| Vacancy Rate | 1.08% | Balanced rental market. |
| Buy Search Index | 5 | Consistent demand. |
| Clearance Rate | 57.41% | Steady market activity. |
History and Evolution
The suburb has a rich history dating back to the 19th century. Originally inhabited by the Aboriginal Turrbal people, European settlement began in the 1850s. The area was named Coorparoo in 1875, and it quickly developed due to its proximity to Brisbane and fertile farming land.
Significant infrastructure development occurred in the late 1800s, including the establishment of Coorparoo State School in 1876. The construction of the South Coast railway line in 1884 further boosted the suburb’s growth, making it a key residential area for city workers.
In the 20th century, Coorparoo continued to develop with the advent of trams in the 1920s, enhancing connectivity and suburban expansion. Post-World War II, the suburb saw significant growth, with a mix of residential, commercial, and industrial developments.
Recent decades have seen substantial urban redevelopment, such as the creation of Coorparoo Square, blending historical charm with contemporary amenities. Despite these modern changes, Coorparoo retains its historical character, with several heritage-listed sites like the Coorparoo Presbyterian War Memorial Church and Queen Alexandra Home.
Conclusion
Coorparoo is a vibrant and desirable suburb that offers a blend of historical charm, modern amenities, and a strong community spirit. Its excellent schools, efficient public transport, diverse employment opportunities, and safe environment make it an attractive choice for families, young professionals, and retirees. The robust real estate market and ongoing development promise a bright future for Coorparoo residents. Whether you are looking to invest, settle down, or enjoy a dynamic lifestyle, Coorparoo is a suburb worth considering for its quality of life and rich community fabric.
Buyers Agent Coorparoo
Looking for a dedicated Buyers Agent Coorparoo to guide you through the property purchase process? We are specialised in finding the perfect property for our clients while removing the stress and hassle from the equation. With access to off-market properties, experiences in property development, and proven negotiation skills, we ensure you get the best deal possible.
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Buyers Scout six step property buying process
We make buying a property in Brisbane simple
1. We connect
Whether you’re chasing your first, next or an investment property, we make time to connect and create a brief together. It begins with a search criteria that zooms in on what’s going to tick your happy boxes
2. We locate
Working with your brief and our dedicated search utilising our extensive network for buying a property in Brisbane ensures you have access to the best opportunities, including exclusive off-market listings.
3. We shortlist
We inspect, assess and shortlist potential properties to your online dashboard for review. We then work with our partners to do the right due diligence for you to make an informed decision
4. We negotiate
This is when our expertise of the market and location kicks into third gear. Because we do this day in day out, we know what a home is worth. We also know how to stand our ground and push for a private sale.
5. We buy
Sticking to a budget when there’s an auction hammer and a heap of emotion is understandably no easy task. We stand in the way of poor decisions by buying on your behalf; .
6. We guide settlement
While you start to make plans for your house party celebrations, we liaise with your conveyancer and finance lender, making for a smooth sailing settlement process.