Suburb Profile Report for Sunshine North VIC (3020)

Sunshine North House: Median price $615,000, Annual capital growth 10.55%, Number of sales 121, Weekly median advertised rent $350

Sunshine North Unit: Median price $434,000, Annual capital growth 6.71%, Number of sales 34, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

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 15.82%

Comparing Sunshine North,3020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Sunshine North should be aiming for at least -6.16% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $350 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 17.30%. This compares very favourably with the 5.66% for VIC as a whole.

If we look at median property appreciation over just the last three months, Sunshine North has given property investors a paper return of 1.40%. This puts Suburb as 185 on a list of fastest fasting appreciating suburbs in VIC

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Sunshine North, 3020. Typically our figures indicate that -4.65% is being offered, which puts this VIC suburb at 790th most discounted overall in Australia.

Renters in Suburb are facing rents around $3960 per annum or $330 every week.

Metrics i HOUSE UNIT
$615,000 $434,000
2.93% 1.40%
15.82% 17.30%
10.55% 6.71%
$350 $330
121 34
2.96% 3.95%
56.18 103.05

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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