If you’re looking to buy in beautiful, multicultural Sunnybank on Brisbane’s south side, you need to get in quick – houses here only stay on the market about 20 days! If you plan to buy, give yourself the edge over your competition and get yourself a pre-purchase property inspection in Sunnybank now!
Why you should call Sunnybank home
Sunnybank is a suburb in Brisbane’s southside, just 25 minutes’ drive from the CBD. The area itself has been inhabited for over 20,000 years, making it one of Brisbane’s oldest settlements. Currently, 9832 people call Sunnybank home. In the late 1980s, Sunnybank saw an increasing number of Asian immigrants settling in the area which began to change. Today, the suburb is a thriving multicultural centre of Brisbane, with strong Asian influences in design, food, and culture. The result is many quality Asian speciality shops and restaurants.
Sunnybank is highly sought after by young professionals and young families with children – the predominate age group is 20 – 29. This is mainly due to the easy access available to the Gold Coast to the south and the Brisbane CBD to the north, as well as the university campuses nearby at Nathan and Mount Gravatt, and the diverse shopping opportunities (including Westfield Garden City, Sunnybank Plaza, and Sunnybank Hills Shopping Town), affordable restaurants, and public schools with good facilities (Sunnybank Primary School, Runcorn State School, and Sunnybank High School). Sunnybank also offers 18 parks, and several public transport options, with its own railway station and a major bus station at Sunnybank Plaza.
For a similar suburb close to all the features of Sunnybank, consider Stretton.
The facts you need about buying in Sunnybank
Sunnybank has a median house price of $1,040,000, which seems steep but is on par with houses in similar suburbs. The annual capital growth is 27.6%. For a unit or a flat, the median price is a much more affordable $496,000, with an annual capital growth of 20.98%. If you’re looking to purchase an investment property, the rental yields are 4.60% with an average rent of $450 per week.
With new developments and demand on the suburb increasing, you need to secure your Sunnybank dream home fast. Do this by booking a pre-purchase building inspection – it’s the best way to avoid any nasty property surprises in your future.