Suburb Profile Report for Sunshine North VIC (3020)

Sunshine North House: Median price $552,000, Annual capital growth 9.49%, Number of sales 134, Weekly median advertised rent $330

Sunshine North Unit: Median price $353,000, Annual capital growth 7.57%, 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

Investment property in Sunshine North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.54%

If we look at median property appreciation over just the last three months, Sunshine North has given property investors a paper return of 4.35%. This puts Suburb as 170 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Sunshine North is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 70th in terms of most discounted suburbs in VIC

With the median price for a house in Sunshine North being $552000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 3.11%

Sunshine North, 3020 ranked 257th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sunshine North is one of 2098 in our list for VIC

If we look at median property appreciation over just the last three months, Sunshine North has given property investors a paper return of -1.26%. This puts Suburb as 259 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Sunshine North 3020 should be seeing an average reduction in asking price of around -5.49% . This means that Sunshine North is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Sunshine North the average time real estate has been on the market is 128.26 days.

With the median price for a house in Sunshine North being $353000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.57%

HOUSE UNIT
$552,000 $353,000
4.35% -1.26%
12.54% -0.56%
9.49% 7.57%
$330 $310
134 24
3.11% 4.57%
87.52 128.26

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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
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Recent sales & rentals