Suburb Profile Report for Sunshine VIC (3020)

Sunshine House: Median price $691,000, Annual capital growth 11.21%, Number of sales 151, Weekly median advertised rent $340

Sunshine Unit: Median price $360,000, Annual capital growth 6.63%, Number of sales 55, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 21.23% for the last year, Sunshine, 3020 is the 270th highest performer in Australia in this respect.

While Sunshine,3020 ranked number 476th in VIC for increase in median house value (annualised) increase, it is ranked 70th over the last 5 years.

Property buyers and investors in Sunshine 3020 should be seeing an average reduction in asking price of around -5.50% . This means that Sunshine is holding prices well when compared to other suburbs in VIC.

At number 1223 in a list of fastest selling suburbs, Sunshine is in the TOP 40% of suburbs in Australia with an average of days on market 64.96 for properties listed there.

Sunshine is 485th on a list of best yielding suburbs for rents in VIC with a 2.56% return

Sunshine, 3020 ranked 316th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sunshine is one of 2098 in our list for VIC

Sunshine,3020 has offered an average of -5.26% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Sunshine itself are offering an average vendor discount of -6.16% to real estate investors.

Situated 11.88km from the CBD, Sunshine is one of Brimbank localities in the postcode 3020.

Metrics i HOUSE UNIT
$691,000 $360,000
0.88% -4.13%
21.23% -5.26%
11.21% 6.63%
$340 $290
151 55
2.56% 4.19%
64.96 91.27

Source: CoreLogic

DSR Score for property investment : Above average (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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