Suburb Profile Report for Sunshine Bay NSW (2536)

Sunshine Bay House: Median price $455,500, Annual capital growth 1.67%, Number of sales 36, Weekly median advertised rent $395

Sunshine Bay Unit: Median price $285,000, Annual capital growth 1.36%, Number of sales 17, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$455,500 $285,000
2.94% 0.88%
5.56% 6.54%
1.67% 1.36%
$395 N/A
36 17
4.51% N/A
76.41 80.94

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 1237
Median household income ($/weekly) 781
Median age of persons 51
Median housing loan repayment ($/monthly) 1360
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 155 12.5
    35-44 years 124 10.0
    45-54 years 135 10.9
    55-64 years 144 11.7
    65-74 years 271 21.9
    Others 407 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 519 55.9
    Not Married 331 35.6
    Defacto Relationship 79 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 985 83.2
    Greece 15 1.3
    New Zealand 9 0.8
    United Kingdom 100 8.4
    Other 17 1.4
    Others 58 4.9
    Country of Birth
    Census Count Percent(%)
    Christianity 892 79.5
    No Religion 221 19.7
    Other Religious Groups 6 0.5
    Buddhism 3 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 44 9.6
    $400-$599 87 19.0
    $600-$799 76 16.6
    $800-$999 61 13.3
    $1,000-$1,249 44 9.6
    Others 145 31.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 546 56.5
    Employed, worked full-time 192 19.9
    Employed, worked part-time 162 16.8
    Unemployed, looking for work 40 4.1
    Employed, away from work 26 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 55 14.5
    Technicians & trades workers 52 13.7
    Community & personal service workers 62 16.4
    Clerical & administrative workers 48 12.7
    Sales 69 18.2
    Others 93 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 21 8.2
    Infants/Primary 94 36.6
    Secondary 92 35.8
    Technical or Further Educational Institution 28 10.9
    University or other Tertiary Institutions 16 6.2
    Others 6 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 988 84.3
    Semi-detached, row or terrace house, townhouse 114 9.7
    Flat, unit or apartment 40 3.4
    Caravan, cabin, houseboat 27 2.3
    House or flat attached to a shop, office 3 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 246 51.0
    Rented 125 25.9
    Being purchased 111 23.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals