Suburb Profile Report for Sunshine VIC (3020)

Sunshine House: Median price $625,000, Annual capital growth 11.05%, Number of sales 138, Weekly median advertised rent $330

Sunshine Unit: Median price $382,000, Annual capital growth 5.94%, Number of sales 51, Weekly median advertised rent $270

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

At number 129th in the list of Australian suburbs ordered by increase in median house value over the last year, Sunshine, 3020 is in the top 10% with a property value increase of 25.00% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Sunshine,3020 has racked up an average of 25.00% over the period. This ranks it number 308th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Sunshine is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 123th in terms of most discounted suburbs in VIC

With a capital gain of 1.87% for the last 12 months, Sunshine, 3020 has performed for property investments than its average annual 5.94% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sunshine has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Sunshine should be aiming for at least -4.85% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 51 properties changed hands in Sunshine, which puts it as the 185th most active market in VIC when comparing the number of sales per suburb.

Situated 11.34km from the CBD, Sunshine is one of Brimbank localities in the postcode 3020.

HOUSE UNIT
$625,000 $382,000
3.31% -0.39%
25.00% 1.87%
11.05% 5.94%
$330 $270
138 51
2.75% 3.68%
63.71 84.35

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 8837
Median household income ($/weekly) 984
Median age of persons 34
Median housing loan repayment ($/monthly) 1571
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 832 9.4
    25-34 years 1814 20.5
    35-44 years 1271 14.4
    45-54 years 982 11.1
    55-64 years 853 9.7
    Others 3087 34.9
    Age Group
    Census Count Percent(%)
    Not Married 3362 50.6
    Registered Married 2818 42.4
    Defacto Relationship 464 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3949 48.9
    Indonesia 586 7.3
    Japan 167 2.1
    Viet Nam 992 12.3
    Other 1043 12.9
    Others 1337 16.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 1001 12.5
    Christianity 4520 56.7
    Hinduism 390 4.9
    Islam 402 5.0
    No Religion 1349 16.9
    Others 316 4.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 316 11.6
    $600-$799 313 11.5
    $800-$999 312 11.4
    $1,000-$1,249 282 10.3
    $1,500-$1,999 323 11.8
    Others 1182 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2787 41.0
    Employed, worked full-time 2139 31.4
    Employed, worked part-time 1256 18.5
    Unemployed, looking for work 368 5.4
    Employed, away from work 252 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 649 17.8
    Technicians & trades workers 489 13.4
    Community & personal service workers 357 9.8
    Clerical & administrative workers 512 14.0
    Labourers 607 16.6
    Others 1035 28.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 481 23.7
    Secondary 394 19.4
    Technical or Further Educational Institution 369 18.2
    University or other Tertiary Institutions 453 22.4
    Other type of educational institution 229 11.3
    Others 100 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6785 83.6
    Flat, unit or apartment 803 9.9
    Semi-detached, row or terrace house, townhouse 506 6.2
    House or flat attached to a shop, office 21 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1014 35.2
    Rented 1008 35.0
    Being purchased 841 29.2
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
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