Suburb Profile Report for Sunshine West VIC (3020)

Sunshine West House: Median price $514,250, Annual capital growth 8.47%, Number of sales 229, Weekly median advertised rent $333

Sunshine West Unit: Median price $393,000, Annual capital growth 8.18%, Number of sales 43, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Sunshine West, 3020 have given investors a capital gain of 13.87%. This compares favourably with the 8.06% for VIC as a whole.

Over the longer term, Sunshine West has seen property prices show investors a 36.59% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Sunshine West is giving property investors an average Vendor Discount of around -5.12%. This puts suburb at number 364th in VIC when ranking the most discounted suburbs.

Situated 13.89km from the CBD, Sunshine West is one of Brimbank localities in the postcode 3020.

At number 181th in the list of Australian suburbs ordered by increase in median house value over the last year, Sunshine West, 3020 is in the top 20% with a property value increase of 15.59% recorded in median house prices.

Sunshine West,3020 has offered an average of 15.59% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Sunshine West is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 68th in terms of most discounted suburbs in VIC

HOUSE UNIT
$514,250 $393,000
4.20% 3.42%
13.87% 15.59%
8.47% 8.18%
$333 $325
229 43
3.36% 4.30%
76.26 85.25

Source: CoreLogic

DSR Score for property investment : Above average (U), Very 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