Suburb Profile Report for Sinnamon Park QLD (4073)

Sinnamon Park House: Median price $730,000, Annual capital growth 1.86%, Number of sales 85, Weekly median advertised rent $550

Sinnamon Park Unit: Median price $452,500, Annual capital growth 2.87%, Number of sales 16, Weekly median advertised rent $440

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Sinnamon Park have tracked close to the QLD average of 1.66% over the last 12 months.

If we look at median property appreciation over just the last three months, Sinnamon Park has given property investors a paper return of -0.34%. This puts Suburb as 608 on a list of fastest fasting appreciating suburbs in QLD

Property investors looking for a bargain in Sinnamon Park should be aiming for at least -4.05% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 85 properties changed hands in Sinnamon Park, which puts it as the 273th most active market in QLD when comparing the number of sales per suburb.

Sinnamon Park, 4073 ranked 48th in QLD when comparing growth in median property values or capital gain over the last 12 months. Sinnamon Park is one of 2415 in our list for QLD

A -0.11% growth in median value for property investors in Sinnamon Park,4073 puts this suburb at number 100th in terms of best performing suburbs in QLD

On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.

Sinnamon Park is 249th on a list of best yielding suburbs for rents in QLD with a 5.06% return

Information supplied by:




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Sinnamon Park, QLD – Decline fosters low prices

Postcode: 4073

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.

Metrics i HOUSE UNIT
$730,000 $452,500
-0.34% 1.69%
0.00% 7.35%
1.86% 2.87%
$550 $440
85 16
3.92% 5.06%
56.6164383561644 60.25

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6361
Median household income ($/weekly) 2146
Median age of persons 39
Median housing loan repayment ($/monthly) 2167
Average household size 3
  • Census Count Percent(%)
    5-14 years 896 14.1
    25-34 years 676 10.6
    35-44 years 996 15.7
    45-54 years 988 15.5
    55-64 years 668 10.5
    Others 2137 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 2741 61.3
    Not Married 1438 32.2
    Defacto Relationship 291 6.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3888 62.8
    Indonesia 171 2.8
    Papua New Guinea 192 3.1
    United Kingdom 427 6.9
    Other 372 6.0
    Others 1146 18.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 225 3.7
    Christianity 4010 66.8
    Hinduism 262 4.4
    Islam 148 2.5
    No Religion 1253 20.9
    Others 105 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 238 13.0
    $2,000-$2,499 231 12.6
    $2,500-$2,999 280 15.3
    $3,000-$3,499 231 12.6
    $4,000 or more 151 8.3
    Others 699 38.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2120 43.2
    Not in the labour force 1573 32.0
    Employed, worked part-time 937 19.1
    Employed, away from work 154 3.1
    Unemployed, looking for work 129 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 522 16.3
    Professionals 1053 32.8
    Technicians & trades workers 304 9.5
    Clerical & administrative workers 526 16.4
    Sales 294 9.2
    Others 512 15.9
    Occupation
    Census Count Percent(%)
    Pre-school 103 6.2
    Infants/Primary 625 37.8
    Secondary 422 25.5
    Technical or Further Educational Institution 84 5.1
    University or other Tertiary Institutions 387 23.4
    Others 34 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5465 93.4
    Semi-detached, row or terrace house, townhouse 385 6.6
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 950 48.0
    Fully owned 640 32.3
    Rented 380 19.2
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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