Cornubia Market Update 2023

Property Market Report: Cornubia, Queensland

Introduction

Cornubia, a charming suburb in the Moreton Bay region of Queensland, Australia, is situated approximately 20 kilometers south of Brisbane’s bustling CBD. Known for its family-friendly atmosphere and appeal to young professionals, Cornubia offers a range of amenities including schools, parks, and shopping centers. Welcome to the hidden gem of Queensland, Cornubia! Nestled conveniently between natural beauty and urban convenience, this suburb is gaining traction as a hot spot for both families and investors alike. In this report, we will delve deep into what makes Cornubia a compelling choice for your next property investment.

Property Market Trends

As of 2022-2023, the property market in Cornubia has shown a stable trajectory. The median house price has seen a modest increase of 3.7% over the past year, slightly lagging behind Brisbane’s overall growth rate of 5.1%. Currently, the median house price in Cornubia stands at $897,000.

For sellers, this stability is a double-edged sword. On one hand, your property is likely to appreciate, albeit at a slower pace than in previous years. On the other hand, achieving the optimal selling price may require a bit more patience.

When it comes to liquidity, Cornubia is doing quite well. The average days on market for houses here is 35 days, a bit quicker than Brisbane’s average of 40 days. This suggests that properties in Cornubia are moving relatively quickly, which is encouraging news for sellers.

Upcoming Developments

Several key developments are on the horizon that could positively impact property values in Cornubia:

New Train Station: Slated for completion in 2024, a new train station at the junction of Creek Road and Cornubia Road promises to enhance commuting options and could drive up property values.

New Shopping Centre: Expected to be completed by 2025, a new shopping complex at the corner of Creek Road and Old Cleveland Road will add a variety of retail and service options, potentially making the area more attractive to prospective buyers.

Crime Rate

Safety is often a top concern for property buyers, and Cornubia doesn’t disappoint. The suburb boasts a crime rate that is 30% lower than Brisbane’s average, making it a relatively safe and appealing choice for families and individuals alike.

Preferred Method of Sale

In Cornubia, auctions are the most popular method of sale, accounting for about 60% of all property transactions. While auctions can generate competitive bidding and potentially higher sale prices, they also come with inherent risks, such as the property not meeting the reserve price. Therefore, if you’re considering this route, it’s advisable to consult a real estate agent for expert guidance.

Some Recent Sales in Your Neighbourhood

Tips for Selling Your Property in Cornubia

If you’re contemplating selling your property in Cornubia, here are some tips to consider:

Presentation Matters: Ensure your property is in top condition. Declutter, make necessary repairs, and consider staging to enhance its appeal.

Professional Photography: High-quality photos can make a significant difference in how potential buyers perceive your property.

Competitive Pricing: Research recent sales in the area to price your property competitively.

Broad Marketing: Utilize multiple channels, including online platforms and local publications, to maximize your property’s exposure.

Be Open to Negotiation: Flexibility in pricing can often be the key to closing a deal.

Conclusion

Cornubia presents a stable and promising market for sellers, with several upcoming developments that could further boost property values. If you’re considering selling your property here, it would be prudent to consult a real estate agent for a comprehensive market appraisal.

Additional Information

When listing your property, don’t forget to highlight its proximity to good schools and public transport options, as these are often key considerations for buyers. Also, mention any nearby amenities like shops, restaurants, and parks that could make your property more appealing.

I hope you found this blog post both informative and useful. If you have any more questions or need further guidance, feel free to reach out to a local real estate expert.

EXCLUSIVE FREE OFFER FOR ALL CORNUBIA RESIDENTS AND CLIENTS

Automated 12 month Offsite Insurance Appraisal and why is it important

You see, over the years, the cost of building a property has inflated significantly, and that means the cost of replacing it has gone up too.

Let’s say you bought your property back in 2019 and insured it for $500,000. Fast forward to today, and the cost to replace the property has skyrocketed, perhaps even doubled! But here’s the kicker…
We often get so caught up in our busy lives that we forget to update our insurance regularly. It’s like that “set and forget” mentality, and that’s where things can get risky.

We’ve provided a solution for our clients – our Automated 12 month Offsite Insurance Appraisal!
Here’s how it works: Every year, at the same time, we’ll have one of our professionals conduct an offsite valuation of your property. They’ll take into account the current market conditions and recent comparative sales in the area.
Once the appraisal is complete, you’ll receive a detailed report directly to your inbox or phone via SMS. Easy-peasy, right?

Most of our clients prefer to get it done just before the end of the financial year. You can book yours now by clicking the link below, or above…I’m not sure what platform this is being viewed on but it’s there ( ask sean to do multiple arms pointing out if possible)

This offsite valuation is an essential step to keep your insurance coverage up to date. But if you’ve made significant improvements to your property, and believe the figure requires adjusting then don’t worry; we’ve got you covered too!

For a more detailed valuation that considers your property’s improvements, just click the box in the link provided, and one of our friendly team members will get back to you soon. So, whether it’s protecting your investment or ensuring peace of mind, our yearly appraisal is the way to go! 

Book in your appraisal by clicking here

Thank you for taking the time to read our report. If you have any questions or would like to get in touch we are just a phone call away