Property value increases in Sunshine Bay have tracked close to the NSW average of 7.15% over the last 12 months.
Over the longer term, Sunshine Bay has seen property prices show investors a 8.45% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Sunshine Bay should be aiming for at least -3.14% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 1.67%, investors should hope to achieve an overall return of 4.51%
At number 588th in the list of Australian suburbs ordered by increase in median house value over the last year, Sunshine Bay, 2536 is in the top 40% with a property value increase of 6.54% recorded in median house prices.
Sunshine Bay, 2536 is offering NSW ‘s 379th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.