Sunnybank | The Heart of Asian Culture
The Sunnybank area is one of Brisbane’s most diverse neighbourhood. Boasting the best Asian dining and entertainment in the South-East corner, this pocket of Brisbane’s southside has a vibrant cultural scene. Located 15 kilometres from the CBD and offers a great option for commuters who are after a thriving local culture and local parks. Sunnybank has been positively growing year after year, currently with a population of 8,700 people and still on the incline, with a 7.4% increase over the last 5 years.
Currently Sunnybank is 63% owner occupied as we are seeing more of the younger generation moving in and starting family’s. In general, people in Sunnybank work in a professional occupation. The current household structure is made up of 42.1% being couples with children and childless couples being 38.2%.
The remaining 37% of Sunnybank being rental properties. Sunnybank has seen amazing growth in investment properties for home owners and is continuing to grow for future home owners. Each year the real estate is an ever changing industry, the prices shift year to year. Get an obligation free appraisal to be informed on your current house price today.
Sunnybank is approximately 4.7 square kilometres with 14.8% of the suburb being parks, which has introduced the new predominate age group being between 20-29 years. Households in sunnybank are primarily couples with children and are likely to be repaying $1800 - $2399 per month on repayments.
With house prices always shifting we have found over the last 12 months the lower quartile prices for a house is listed at for $670,000. The average price of a house sold in the sunnybank area sits at a median price of $764,000 and the upper quartile price has been $907,500 (Corelogic)
With more units arising into the Sunnybank area we have found over the last 12 months the lower quartile prices for a unit is listed for $400,000. The average price of a unit sold in the sunnybank area sits at a median price of $417,944 and the upper quartile price has been $440,000 (Corelogic)
With the average length of ownership for properties in Sunnybank we have seen a shift, over the last 12 months. Sunnybank alone has seen over 110 Properties sold. With new land releases in the area, most new developments in the area take the form of high density residential and commercial projects. Creating opportunties to buy large and spacious townhouse’s and easy access to community facilities.
Selling and buying real estate can be daunting and choosing the right agent can be hard. Call us on (07) 3421 7222 for a chat and some helpful advice regarding your property or head to our contact us page, and let the harcourts family contact you.
