VIC/
Sunshine north

Suburb Profile

Sunshine North - FREE 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 53.37% 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 $615,000

The augmented property values in the suburb are trailing above the territorial average of 10.38% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $350.

Home owners selling their properties and realtors in SUNSHINE NORTH usually have to wait an average of 56.1 days days before their assets are lifted off the market.

The VIC suburb ranks 377th on the list of best yielding suburbs for rental properties in VIC, posting a 2.96% return.

It also places places 287th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $615,000 $434,000
GROWTH REPORT
Median Quarterly 2.93% 1.4%
Median 12 month 15.82% 17.3%
Median 3 years 53.37% 25.8%
Median 5 years 59.74% 50.96%
10 years average annual 10.55% 6.71%
Weekly media advert. rent $350 $330
Time on Market 56.1 days 103.0 days
Gross Rental Yield Percent 2.96% 3.95%
demographics (median values)
Total Population
10159
Weekly Household Income
716.4
Household Size
2.80
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