Suburb Profile Report for Sunshine West VIC (3020)

Sunshine West House: Median price $530,000, Annual capital growth 9.31%, Number of sales 224, Weekly median advertised rent $340

Sunshine West Unit: Median price $397,000, Annual capital growth 7.81%, Number of sales 41, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 13.98% for the last 12 months, Sunshine West, 3020 has performed for property investments than its average annual 9.31% property growth over the last 5 years.

Sunshine West,3020 was ranked 877 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Sunshine West itself are offering an average vendor discount of -5.32% to real estate investors.

With a capital gain of 12.62% for the last 12 months, Sunshine West, 3020 has performed for property investments than its average annual 7.81% property growth over the last 5 years.

A 21.22% growth in median value for property investors in Sunshine West,3020 puts this suburb at number 60th in terms of best performing suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Sunshine West itself are offering an average vendor discount of -6.62% to real estate investors.

At number 879 in a list of fastest selling suburbs, Sunshine West is just in the bottom half of suburbs in Australia with an average of days on market 84.46 for properties listed there.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 7.81%, investors should hope to achieve an overall return of 4.19%

Metrics i HOUSE UNIT
$530,000 $397,000
3.92% 4.20%
13.98% 12.62%
9.31% 7.81%
$340 $320
224 41
3.34% 4.19%
75.3 84.46

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 16742
Median household income ($/weekly) 945
Median age of persons 37
Median housing loan repayment ($/monthly) 1491
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1975 11.8
    25-34 years 2405 14.4
    35-44 years 2325 13.9
    45-54 years 2064 12.3
    55-64 years 1880 11.2
    Others 6094 36.4
    Age Group
    Census Count Percent(%)
    Not Married 6130 47.9
    Registered Married 6092 47.6
    Defacto Relationship 577 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6979 44.8
    Hong Kong 554 3.6
    Netherlands 734 4.7
    Viet Nam 2144 13.8
    Other 1719 11.0
    Others 3444 22.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 2371 15.4
    Christianity 9702 63.2
    Hinduism 212 1.4
    Islam 1112 7.2
    No Religion 1750 11.4
    Others 211 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 703 14.8
    $600-$799 561 11.8
    $800-$999 477 10.0
    $1,000-$1,249 515 10.8
    $1,500-$1,999 559 11.7
    Others 1951 40.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5994 46.8
    Employed, worked full-time 3905 30.5
    Employed, worked part-time 1778 13.9
    Unemployed, looking for work 665 5.2
    Employed, away from work 463 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 735 12.0
    Technicians & trades workers 855 13.9
    Clerical & administrative workers 864 14.1
    Machinery operators & drivers 918 14.9
    Labourers 1038 16.9
    Others 1735 28.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 1114 30.3
    Secondary 1063 28.9
    Technical or Further Educational Institution 407 11.1
    University or other Tertiary Institutions 668 18.2
    Other type of educational institution 266 7.2
    Others 161 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15020 94.5
    Flat, unit or apartment 517 3.3
    Semi-detached, row or terrace house, townhouse 328 2.1
    House or flat attached to a shop, office 28 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2339 44.7
    Being purchased 1617 30.9
    Rented 1247 23.9
    Other tenure type 25 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals