Suburb Profile Report for Sunshine North VIC (3020)

Sunshine North House: Median price $530,500, Annual capital growth 8.97%, Number of sales 145, Weekly median advertised rent $330

Sunshine North Unit: Median price $353,000, Annual capital growth 7.04%, Number of sales 28, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Sunshine North, 3020 have given investors a capital gain of 13.84%. This compares favourably with the 7.80% for VIC as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sunshine North has increased when compared to the 5 year average annual rate.

At number 97th of VIC’s most discounted properties, Sunshine North is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 8.97%, investors should hope to achieve an overall return of 3.23%

Sunshine North is in the bottom 30% in VIC when comparing median price capital growth over the last year. Sunshine North gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.94%.

Comparing Sunshine North,3020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Sunshine North is $353000, with sellers offering an average of -5.52% off the asking price.

Situated 12.64km from the CBD, Sunshine North is one of Brimbank localities in the postcode 3020.

HOUSE UNIT
$530,500 $353,000
2.91% 0.57%
13.84% -1.94%
8.97% 7.04%
$330 $310
145 28
3.23% 4.57%
89.54 112.11

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 10636
Median household income ($/weekly) 882
Median age of persons 37
Median housing loan repayment ($/monthly) 1426
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1304 12.3
    25-34 years 1591 15.0
    35-44 years 1465 13.8
    45-54 years 1364 12.8
    55-64 years 1127 10.6
    Others 3786 35.6
    Age Group
    Census Count Percent(%)
    Not Married 4052 50.8
    Registered Married 3603 45.1
    Defacto Relationship 328 4.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4197 42.5
    Japan 277 2.8
    Netherlands 541 5.5
    Viet Nam 2464 24.9
    Other 930 9.4
    Others 1476 14.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 2462 25.3
    Christianity 5227 53.7
    Islam 430 4.4
    Other Religious Groups 142 1.5
    No Religion 1366 14.0
    Others 110 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 416 13.8
    $600-$799 350 11.7
    $800-$999 286 9.5
    $1,000-$1,249 297 9.9
    $1,500-$1,999 326 10.9
    Others 1329 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3807 47.3
    Employed, worked full-time 2319 28.8
    Employed, worked part-time 1162 14.4
    Unemployed, looking for work 491 6.1
    Employed, away from work 269 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 458 12.2
    Technicians & trades workers 579 15.4
    Clerical & administrative workers 444 11.8
    Machinery operators & drivers 529 14.1
    Labourers 650 17.3
    Others 1088 29.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 748 29.6
    Secondary 709 28.1
    Technical or Further Educational Institution 291 11.5
    University or other Tertiary Institutions 492 19.5
    Other type of educational institution 175 6.9
    Others 111 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8659 87.2
    Semi-detached, row or terrace house, townhouse 954 9.6
    Flat, unit or apartment 287 2.9
    House or flat attached to a shop, office 24 0.2
    Improvised home, tent, sleepers out 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1470 45.4
    Being purchased 954 29.5
    Rented 789 24.4
    Other tenure type 26 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals