Sunnybank suburb profile

July 25, 2017
Melinda Halloran

If you have ever been to an auction in Sunnybank, you’ll understand just how popular real estate is here. With some of the highest clearance rates in Brisbane and an average time of just 39 days on the market for houses, this suburb is one to watch.

 

While there are some suburbs that feel much the same from one to another, Sunnybank has a character of its own. Data from the latest Census revealed that 63 percent of the population was born overseas. The result is a culturally rich suburb known to boast plenty of good places to eat. But there’s more to Sunnybank than its famed eateries, which draw visitors from all over Brisbane.

If you are interested in Sunnybank real estate, here’s what you need to know.

Location

Sunnybank is located 15 km from Brisbane’s CBD. It’s about a 20-minute drive from the city and less than an hour to the Gold Coast. Nearby suburbs include Robertson, Eight Mile Plains and Upper Mount Gravatt. 

While it’s not within the inner city, Sunnybank now occupies a position among a growing number of million-dollar suburbs, with nearby Robertson and Rochedale recently hitting average sales of more than a million dollars. The growth of these new prestige areas stems from the high demand for property in Sunnybank, as well as the size of land and houses available in these suburbs.

Sunnybank is also within easy reach of the following amenities:

  • Westfield Garden City
  • Acacia Ridge Industrial Park
  • Two Griffith University campuses
  • Pacific Motorway
  • Two hospitals
  • Three local shopping centres
  • Two train stations
  • Public and private schools

Real estate

Sunnybank is one of the top performing suburbs on Brisbane’s southside. The majority of properties sell in the $600,000–800,000 price bracket and houses are in much higher demand than units. 

 

Buy

Rent

Rental yield

Annual growth

House

$715,000

$445 pw

3.2%

7%

Unit

$420,000

$315 pw

3.9%

1.9%

 Figures via realestate.com.au

In the past five years, the median sales price for houses has increased by 43.3%. In the same timeframe, the median sales price for units has increased by 18.8%.

Residents

Sunnybank is one of Brisbane’s most multicultural suburbs, with almost 20 percent of the suburb’s population was born in China. It also has a high percentage of residents from Taiwan, India, Republic of South Korea and Hong Kong.

The median age of residents here is 33 and more than 50 percent of the population is made up of couples (33 percent are couples with children, while 27 percent are couples without children). More than 40 percent of residents also own their property outright.

Tips for buying real estate in Sunnybank

  • Most property is sold via auction, so be prepared to bid
  • Houses are in high demand compared to units
  • Popular areas are those close to Sunnybank Plaza and Market Square

Sunnybank is one of the southside’s best-known suburbs. If you are interested in buying a home here and want to know more about your home loan options, make an appointment to speak with our team. Our brokers Benny and Karen speak Mandarin, making the processes simpler for buyers in Sunnybank. – Luke

Related: Brisbane southside’s top performing suburbs

0419 733 862 | luke.cashin@mortgagechoice.com.au
Your Garden City Mortgage Broker, Brisbane
Follow on Facebook

 

Back to blog

Posted in: Property market

Contact us today.


Additional Comments? * :