Suburb Profile Report for Sunshine North VIC (3020)

Sunshine North House: Median price $557,500, Annual capital growth 9.68%, Number of sales 135, Weekly median advertised rent $330

Sunshine North Unit: Median price $353,000, Annual capital growth 7.06%, Number of sales 24, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.12% which means that Sunshine North, 3020 has done well for property investors by showing a capital gain of 12.06% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Sunshine North comes in at number 154th in VIC.

At number 80th 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.

With the median price for a house in Sunshine North being $557500 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 3.08%

If you compare the increase in value of investment property in Sunshine North, 3020 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.56%.

Vendor discounting in Sunshine North is giving property investors an average Vendor Discount of around -5.29%. This puts suburb at number 130th in VIC when ranking the most discounted suburbs.

In the last year 24 properties changed hands in Sunshine North, which puts it as the 272th most active market in VIC when comparing the number of sales per suburb.

Situated 12.49km from the CBD, Sunshine North is one of Brimbank localities in the postcode 3020.

HOUSE UNIT
$557,500 $353,000
4.60% N/A
12.06% -0.56%
9.68% 7.06%
$330 $310
135 24
3.08% 4.57%
84.11 125.06

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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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