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.