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Sunshine North
AREA REPORTS

Sunshine North

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

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 2.83% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $671,500

The augmented property values in the suburb are trailing behind the territorial average of 9.35% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $360.

Home owners selling their properties and realtors in SUNSHINE NORTH usually have to wait an average of 86.6 days days before their assets are lifted off the market.

The VIC suburb ranks 387th on the list of best yielding suburbs for rental properties in VIC, posting a 2.79% return.

It also places places 304th in Australia based on median property value growth during the quarter.

Data report can be found below

Sunshine North
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $671,500 $545,000
GROWTH REPORT
Median Quarterly 2.52% -0.91%
Median 12 month 4.92% 5.83%
Median 3 years 2.83% 21.11%
Median 5 years 34.3% 56.27%
10 years average annual 4.64% 6.09%
Weekly media advert. rent $360 $350
Time on Market 86.6 days 87.0 days
Gross Rental Yield Percent 2.79% 3.34%
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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