Suburb Profile Report for Sunshine West VIC (3020)

Sunshine West House: Median price $500,000, Annual capital growth 8.20%, Number of sales 221, Weekly median advertised rent $330

Sunshine West Unit: Median price $380,500, Annual capital growth 7.28%, Number of sales 48, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Sunshine West, 3020 ranked 216th 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

A 26.58% growth in median value for property investors in Sunshine West,3020 puts this suburb at number 328th in terms of best performing suburbs in VIC

At number 369th of VIC’s most discounted properties, Sunshine West is in the middle of the state/territory when listing in order of most discounted to least.

Sunshine West, 3020’s gross rental yield is 3.43%

Investment property in Sunshine West has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.94%

When looking at the potential capital gains offered to property investors over the last 3 years, Sunshine West comes in at number 176th in VIC.

Property buyers and investors in Sunshine West 3020 should be seeing an average reduction in asking price of around -5.77% . This means that Sunshine West is holding prices well when compared to other suburbs in VIC.

Renters in Suburb are facing rents around $3840 per annum or $320 every week.

HOUSE UNIT
$500,000 $380,500
2.04% 0.13%
11.11% 7.94%
8.20% 7.28%
$330 $320
221 48
3.43% 4.37%
78.33 82.31

Source: CoreLogic

DSR Score for property investment : Above average (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