A 15.95% increase in median property prices in SUNNYBANK, 4109 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 71st.
A steady increase in median property prices over a five-year period in the suburb translates to a 28.08% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $832,500
The augmented property values in the suburb are trailing above the territorial average of 2.39% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $420.
Home owners selling their properties and realtors in SUNNYBANK usually have to wait an average of 88.7 days days before their assets are lifted off the market.
The QLD suburb ranks 689th on the list of best yielding suburbs for rental properties in QLD, posting a 2.62% return.
It also places places 162nd in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 7.86% over the last 12 months in SUNNYBANK, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that SUNNYBANK, 4109 obtained a 3.46% growth over a ten-year period. It ranks 926th on our list of suburbs that property investors should look into.
SUNNYBANK, 4109 has a capital gain of 7.86% for the past year, which is higher than average compared to its 15.19% growth within a five-year period.
With the median home price in SUNNYBANK sitting at $453,000, and the average rent at $420, property owners could potentially earn a 4.82% increase in gross rental yield.
A 7.86% increase in median property prices in SUNNYBANK, 4109 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 76th.
Figures from the previous quarter show that capital gains for real estate buyers in SUNNYBANK are low, as opposed to average gains per annum over the past five years.
SUNNYBANK, 4109 in QLD belongs to the local government area of Brisbane.