VIC/
Sunshine

Suburb Profile

Sunshine - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3020

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unit

Property investors enjoyed capital gains of 12.41% 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 10.45% growth over a ten-year period. It ranks 2nd on our list of suburbs that property investors should look into.

SUNSHINE, 3020 has a capital gain of 12.41% for the past year, which is lower than average compared to its 92.5% growth within a five-year period.

With the median home price in SUNSHINE sitting at $770,000, and the average rent at $350, property owners could potentially earn a 2.36% increase in gross rental yield.

A 12.41% increase in median property prices in SUNSHINE, 3020 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 78th.

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

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

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $770,000 $364,000
GROWTH REPORT
Median Quarterly 1.25% 4%
Median 12 month 12.41% -0.27%
Median 3 years 58.76% 3.26%
Median 5 years 92.5% 9.64%
10 years average annual 10.45% 4.46%
Weekly media advert. rent $350 $300
Time on Market 80.3 days 93.3 days
Gross Rental Yield Percent 2.36% 4.29%
demographics (median values)
Total Population
8075
Weekly Household Income
741.1
Household Size
2.50
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Sunshine, VIC
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