Sunshine West, 3020 ranked 139th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sunshine West is one of 2098 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sunshine West has increased when compared to the 5 year average annual rate.
Vendor discounting in Sunshine West is giving property investors an average Vendor Discount of around -5.20%. This puts suburb at number 351th in VIC when ranking the most discounted suburbs.
A $332.5 per week rent on the median house gives suburb investors a gross yield of circa 3.33%, without taking into account capital value appreciation, which has been averaging out at 8.83%.
If you compare the increase in value of investment property in Sunshine West, 3020 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.86%.
If we look at median property appreciation over just the last three months, Sunshine West has given property investors a paper return of 3.03%. This puts Suburb as 72 on a list of fastest fasting appreciating suburbs in VIC
Sunshine West, 3020 is offering VIC ‘s 67th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Often selling an investment property can take time, and in Sunshine West the average time real estate has been on the market is 84.31 days.