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.