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AREA REPORTS

Sunshine West

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

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SUNSHINE WEST ranks 62nd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 4.7% for the past year is lower than average compared to its 46.79% growth within a five-year period.

Also in SUNSHINE WEST, the median home price is sitting at $651,000, and the average rent at $360, this suggests property owners could potentially earn a 2.88% increase in gross rental yield.

Property investors have seen a 0.15% gain in SUNSHINE WEST based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.29% growth over a ten-year period. It ranks 1394th on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $651,000 $485,000
GROWTH REPORT
Median Quarterly 0.15% -3.96%
Median 12 month 4.7% -2.02%
Median 3 years 6.2% 10.98%
Median 5 years 46.79% 34.91%
10 years average annual 5.29% 3.22%
Weekly media advert. rent $360 $372.5
Time on Market 80.2 days 75.2 days
Gross Rental Yield Percent 2.88% 3.99%
demographics (median values)
Total Population
15909
Weekly Household Income
769.7
Household Size
2.90
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