Sunnybank

POSTAL CODE: QLD, 4109

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 46.74% 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 $1,489,400

The augmented property values in the suburb are trailing behind the territorial average of 14.05% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $725.

Home owners selling their properties and realtors in SUNNYBANK usually have to wait an average of 55 days days before their assets are lifted off the market.

The QLD suburb ranks 658th on the list of best yielding suburbs for rental properties in QLD, posting a 2.53% return.

It also places places 317th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 7.1% 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 7.3% growth over a ten-year period. It ranks 29th on our list of suburbs that property investors should look into.

SUNNYBANK, 4109 has a capital gain of 7.1% for the past year, which is lower than average compared to its 115.26% growth within a five-year period.

With the median home price in SUNNYBANK sitting at $867,500, and the average rent at $550, property owners could potentially earn a 3.3% increase in gross rental yield.

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.

Surburb overview

Sunnybank is a vibrant suburb located approximately 16 kilometres south of Brisbane's central business district (CBD). Known for its multicultural atmosphere, Sunnybank boasts a rich tapestry of Asian shops and restaurants, making it a culinary hub within Brisbane.

According to the 2021 census, Sunnybank had a population of 8,892. The suburb is characterised by a diverse community, with many residents who are couples with children.

Sunnybank is well-serviced by public transport, including bus routes that provide convenient access to Brisbane's CBD and surrounding areas. The proximity to major roads and highways further enhances connectivity for residents.

The suburb offers a range of amenities, including shopping centres, educational institutions, and healthcare facilities. Notably, Sunnybank is home to Market Square, a major shopping and dining precinct, and is close to Sunnybank Plaza, which provides residents with access to retail, dining, and entertainment options.

Residents can enjoy various recreational activities, with several parks and green spaces available for outdoor leisure. The suburb's community-oriented environment fosters a family-friendly atmosphere, making it an appealing location for families and individuals seeking a balanced lifestyle.

According to recent reports, the median house price in Sunnybank is approximately $1,357,000, reflecting a significant increase over the past year. The suburb has experienced steady population growth, a 7.4% increase from 2011 to 2016.

Sunnybank's blend of cultural diversity, proximity to the CBD, and comprehensive amenities make it a desirable residential suburb in Brisbane. The area's rich history and modern conveniences offer residents a harmonious living experience.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,489,400	$867,500
Growth Report
Median Quarterly	-0.5%	13.4%
Median 12 month	6.37%	7.1%
Median 3 years	46.74%	71.44%
Median 5 years	94.31%	115.26%
10 years average annual	8.21%	7.3%
Weekly media advert. rent	$725	$550
Time on Market	55 days	41.2 days
Gross Rental Yield Percent	2.53%	3.3%

Demographics (Median Values)*

Total Population 7849

Weekly Household Income 942.2

Household Size 2.80

Average Age 36

Monthly Loan Repayment 1226

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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