Sunshine North has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 15.69% to date .
The five-year average increase in median property values for Sunshine North,3020 has given property investors a potential capital gain of 44.79% across each of those five years.
Sunshine North3020 is located in VIC which offers an average discount of -5.80% to property investors. Sunshine North itself is showing figures that indicate -6.01% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 11.17 sales per month, which equates to 134 per year.
At number 143th in the list of Australian suburbs ordered by increase in median house value over the last year, Sunshine North, 3020 is in the top 10% with a property value increase of 19.32% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Sunshine North,3020 has racked up an average of 19.32% over the period. This ranks it number 612th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Sunshine North is giving property investors an average Vendor Discount of around -3.63%. This puts suburb at number 248th in VIC when ranking the most discounted suburbs.
In the last year 35 properties changed hands in Sunshine North, which puts it as the 228th most active market in VIC when comparing the number of sales per suburb.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 3.90%, without taking into account capital value appreciation, which has been averaging out at 7.35%.