Property investors who have had real estate in Sunshine North, 3020 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.00%
While Sunshine North,3020 ranked number 196th in VIC for increase in median house value (annualised) increase, it is ranked 312th over the last 5 years.
Sellers are offering property buyers an average discount of -8.34% to buyers in Sunshine North at the moment, which is less than average for the rest of VIC.
Property investors should expect to get $330 weekly from the median priced house in this suburb.
Over the last year, property investments in Sunshine North, 3020 have given investors a capital gain of -0.56%. This compares badly with the 4.09% for VIC as a whole.
Comparing Sunshine North,3020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Sunshine North 3020 should be seeing an average reduction in asking price of around -4.28% . This means that Sunshine North is holding prices well when compared to other suburbs in VIC.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.57%, without taking into account capital value appreciation, which has been averaging out at 6.04%.