In profile: Coorparoo
Coorparoo is fast becoming one of Brisbane’s most sought after suburbs for investors. The newly developed Coorparoo Square precinct features an exciting range of new dining and entertainment options (including Dendy cinemas), on top of extensive existing services, including supermarkets (Coles and Woolworths) and medical facilities.
Extensive local amenities
Just a short 5.5km/ 11 minute drive to the CBD and with an ever-expanding selection of local cafes, shops, buses, parks and restaurants... this precinct has it all.
Coorparoo boasts easy access to high quality private schools (Mt Carmel Primary School, Loreto Convent, Villanova, Anglican Church Grammar School (Churchie)) and public schools (Coorparoo and Holland Park). The public transport system is virtually at the door and services the Woolloongabba, CBD and Fortitude Valley precincts.
Strong rental yields
Rental properties in Coorparoo see great yields. Typically, apartments can yield +5%. For example, a two bedroom two bathroom apartment in Coorparoo valued at $400K can return between $400 and $450 per week in rental, which is a very strong return on investment. Obviously, yields are affected by a range of factors, including at the present time the current pandemic and whether an apartment is air conditioned as we head into summer.
Coorparoo has a variety of high quality property for owner-occupiers and investors alike, from classic Queenslanders, to well priced apartments, to brand new town houses. This diversity makes Coorparoo a fantastic suburb for living and investing!
Local knowledge is critical
A property management specialist who understands the local market can provide key guidance on maximising returns.
Ed Cassidy has always been heavily involved in the Coorparoo community. Ed attended Mt Carmel primary school, played rugby union at Easts and swam at the MLC Leander Club pool.
Ed can complete a comparative market analysis free of charge, providing you with critical data relating to comparable rental properties in the area.
Coorparoo is a fantastic place to live but there are a few things to be wary of... all the more reason to seek out Ed’s advice prior to purchasing or when putting together the long term strategy for your property investment. Recent zoning changes in Coorparoo mean that in the coming years there will be a number of multi-storey complexes going up around Old Cleveland Road. Living next door to a construction site can be far from ideal and this can often heavily impact rental return during the build period, which can last up to 2 years from commencement to completion. It is also very important to understand that Coorparoo is a flood-prone suburb and it is critical to check the flood maps prior to purchasing.
What makes Ed Cassidy Property operate so effectively is that, on top of his 19 years industry experience, the communication is completely streamlined. As your property investment specialist, Ed is a single point of contact, not only for you but for your tenants and all other contractors in relation to your property. Ed is friendly and approachable and makes himself available 24 hours a day, 7 days a week to his property owners.