Suburb Profile Report for Sunshine West VIC (3020)

Sunshine West House: Median price $492,000, Annual capital growth 7.85%, Number of sales 230, Weekly median advertised rent $330

Sunshine West Unit: Median price $380,000, Annual capital growth 8.01%, Number of sales 58, Weekly median advertised rent $318

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Sunshine West have tracked higher than the VIC average of 7.80% over the last 12 months.

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

Vendor discounting in Sunshine West is giving property investors an average Vendor Discount of around -5.23%. This puts suburb at number 356th in VIC when ranking the most discounted suburbs.

Sunshine West, 3020’s gross rental yield is 3.49%

Property value increases in Sunshine West have tracked just higher than the VIC average of 3.63% over the last 12 months.

Taking the average capital gain, or increase in median house value, Sunshine West,3020 has racked up an average of 10.14% over the period. This ranks it number 835th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Sunshine West is $380000, with sellers offering an average of -5.96% off the asking price.

In the last year 58 properties changed hands in Sunshine West, which puts it as the 160th most active market in VIC when comparing the number of sales per suburb.

Situated 13.50km from the CBD, Sunshine West is one of Brimbank localities in the postcode 3020.

HOUSE UNIT
$492,000 $380,000
1.71% 4.11%
14.42% 10.14%
7.85% 8.01%
$330 $318
230 58
3.49% 4.34%
83.46 86.94

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
Chart Table
Recent sales & rentals