In Corinella there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Corinella due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Corinella changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Corinella requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Corinella we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Corinella a better buying opportunity than it may have been in the past.
|7A ALBON ST, CORINELLA, VIC, 3984||3||2||3||$828,000|
|34 GAUDI BVD, CORINELLA, VIC, 3984||4||2||2||Sold for $720,000|
Bass Valley Primary School(While the above schools are located with the suburb of Corinella there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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