Investment property in Sinnamon Park has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.21%
Across a shorter period, Sinnamon Park, 4073 has seen a median price increase of 0.34% over the last quarter.
Property investors looking for a bargain in Sinnamon Park should be aiming for at least -4.78% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $550 mark per week – giving a return of 3.93% based on the median price in Suburb
Giving property investors a a stable capital gain of 2.47% for the last year, Sinnamon Park, 4073 is the 495th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Sinnamon Park,4073 has racked up an average of 2.47% over the period. This ranks it number 875th in the whole country for real estate investors looking at median house price increases.
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Sinnamon Park, QLD – Decline fosters low prices
Median unit price: $418,000
Three-year growth: -3.5%
Rental yield: 5.5%
Less than half an hour from the Brisbane CBD, Sinnamon Park has everything a resident could want in a suburb – proximity to the city, great green open spaces and parks.
Sinnamon Park is bounded to the north by the Brisbane River, and has a peaceful atmosphere with walking and cycling tracks as well as playgrounds for the kids. The Darra train station is nearby, and there are shopping centres in the vicinity. Schools are a stone’s throw away in Fig Tree Pocket, while neighbouring suburb Seventeen Mile Rocks is home to one of Brisbane’s biggest riverside parks.
Unit values dipped in the five years to June 2019, with the median falling to under $450,000.