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Sunshine
AREA REPORTS

Sunshine

Sunshine - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3020

house
unit

Property investors enjoyed capital gains of 9.5% over the last 12 months in SUNSHINE, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.86% growth over a ten-year period. It ranks 1563rd on our list of suburbs that property investors should look into.

SUNSHINE, 3020 has a capital gain of 9.5% for the past year, which is higher than average compared to its 40.08% growth within a five-year period.

With the median home price in SUNSHINE sitting at $830,000, and the average rent at $360, property owners could potentially earn a 2.26% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in SUNSHINE are high, as opposed to average gains per annum over the past five years.

SUNSHINE, 3020 in VIC belongs to the local government area of Brimbank (C).

Data report can be found below

Sunshine
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $830,000 $585,000
GROWTH REPORT
Median Quarterly 10.67% 5.41%
Median 12 month 9.5% 49.04%
Median 3 years 7.79% 63.41%
Median 5 years 40.08% 52.24%
10 years average annual 6.86% 7.24%
Weekly media advert. rent $360 $350
Time on Market 77.0 days 76.8 days
Gross Rental Yield Percent 2.26% 3.11%
demographics (median values)*
Total Population
44783
Weekly Household Income
1128
Household Size
2.80
Age
35
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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