Sunshine

POSTAL CODE: VIC, 3020

HOUSE

UNIT

Property investors enjoyed capital gains of 3.14% 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 5.04% growth over a ten-year period. It ranks 3021st on our list of suburbs that property investors should look into.

SUNSHINE, 3020 has a capital gain of 3.14% for the past year, which is higher than average compared to its 11.53% growth within a five-year period.

With the median home price in SUNSHINE sitting at $836,500, and the average rent at $500, property owners could potentially earn a 3.11% 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.

Based on its average 5-year and quarterly capital gains SUNSHINE, 3020 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.13% growth over a ten-year period. It ranks 693rd on our list of suburbs that property investors should look into.

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

SUNSHINE, 3020 has a capital gain of 18.85% for the past year, which is higher than average compared to its 5% growth within a five-year period.

With the median home price in SUNSHINE sitting at $567,500, and the average rent at $460, property owners could potentially earn a 4.21% 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.

Surburb overview

Sunshine, located approximately 12 kilometres west of Melbourne's Central Business District (CBD), is a suburb within the City of Brimbank local government area. As of the 2021 census, Sunshine recorded a population of 9,445 residents.

Sunshine has a diverse demographic profile, with a median age of 34. Households in Sunshine are primarily couples with children, and the area features a mix of period and post-war homes.

Sunshine serves as a significant transport hub in Melbourne's west. The Sunshine Railway Station connects residents to the CBD and other parts of Melbourne, enhancing the suburb's accessibility.

The suburb boasts various amenities, including educational institutions, healthcare facilities, and shopping centres. The town centre is an essential retail hub in Melbourne's west, contributing to the local economy.

Sunshine offers several parks and recreational facilities, providing residents with leisure and community activities spaces. The suburb's blend of urban convenience and community-oriented living makes it a desirable location for a diverse range of residents.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$836,500	$567,500
Growth Report
Median Quarterly	3.14%	3.29%
Median 12 month	3.14%	18.85%
Median 3 years	-2.59%	12.04%
Median 5 years	11.53%	5%
10 years average annual	5.04%	6.13%
Weekly media advert. rent	$500	$460
Time on Market	88.9 days	79 days
Gross Rental Yield Percent	3.11%	4.21%

Demographics (Median Values)*

Total Population 44783

Weekly Household Income 1128

Household Size 2.80

Average 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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