Question 1

Is Sunnybank a nice place to live?

Accepted Answer

Sunnybank has a distinctly multicultural character centred on an energetic Asian dining and shopping precinct around Market Square and Sunnybank Plaza. Tree-lined streets mix older low-set homes with newer townhouses and apartment buildings, and the suburb appeals to families, students and professionals who want convenience without a purely inner-city feel. It is served by a suburban train station and regular buses, and residents make frequent use of local parks, sports ovals and community facilities. Weekends see the shopping strips busy with restaurants, bakeries and specialist food stores, giving Sunnybank a strong culinary identity.

The community numbers 8,892 with a median age of 35. Families are the dominant household type, and most homes are owner-occupied (58.8%) while 41.2% are rented. The council has listed Les Atkinson Park for upgrades, the park has been investigated after erosion closed a pathway, and funding has been allocated for returfing at the local rugby league club’s field. Whether Sunnybank suits you will come down to what you value in a suburb.

Question 2

Is it expensive to live in Sunnybank?

Accepted Answer

On the figures for Sunnybank, buying a house looks far more stretched against local incomes at the last Census than renting. A median house price of $1,600,000 is about 19.4 times a typical local annual household income at the last Census (weekly household income $1,586 × 52 = $82,472), which places buying well above what households locally earned at that Census. Looking at rents, a house rent of $698 a week would take about 44.0% of a typical local household's weekly income at the last Census (a large share), while a unit rent of $450 a week would take about 28.4% (a moderate share).

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Sunnybank a good place to invest?

Accepted Answer

A strong 16.3% rise in house values over the past 12 months is the standout movement in Sunnybank. For someone weighing the suburb up as an investment, that figure speaks to capital growth on the house side this year, while rental income moved more modestly: house rents rose 6.6% and unit rents rose 7.1%, both solid increases with unit rents edging slightly ahead of house rents. Which of those outcomes matters more to you will shape how you interpret these results.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.60M	N/A
Change in value Past 12 months	16.3%	N/A
Sold Past 3 months	23	N/A
Median days on market Past 12 months	28	N/A
Average rent Past 12 months	$698	$450
Change in rent Past 12 months	6.6%	7.1%

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