Sunshine Bay has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -3.52% to date .
While Sunshine Bay,2536 ranked number 745th in NSW for increase in median house value (annualised) increase, it is ranked 1184th over the last 5 years.
At number 804th of NSW’s most discounted properties, Sunshine Bay is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Sunshine Bay the average time real estate has been on the market is 94.85 days.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
Over the last year, property investments in Sunshine Bay, 2536 have given investors a capital gain of 2.20%. This compares badly with the 6.07% for NSW as a whole.
Our latest figures would indicate that property sellers in Sunshine Bay are currently offering property investors an average price cut of -3.78% below the asking price at the moment.