Investment property in Sunshine has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.20%
Taking the average capital gain, or increase in median house value, Sunshine,3020 has racked up an average of 19.20% over the period. This ranks it number 192th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Sunshine 3020 should be seeing an average reduction in asking price of around -3.36% . This means that Sunshine is holding prices well when compared to other suburbs in VIC.
Sunshine, 3020’s gross rental yield is 2.44%
Sunshine is in the bottom 10% in VIC when comparing median price capital growth over the last year. Sunshine gave property investors a dismal capital gain figure when compared to the rest of the state, with -17.70%.
Taking the average capital gain, or increase in median house value, Sunshine,3020 has racked up an average of -17.70% over the period. This ranks it number 1588th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Sunshine is giving property investors an average Vendor Discount of around -5.40%. This puts suburb at number 103th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Sunshine the average time real estate has been on the market is 98.86 days.
Property investors should expect to get $292.5 weekly from the median priced house in this suburb.