Suburb Profile Report for Sunshine VIC (3020)

Sunshine House: Median price $670,000, Annual capital growth 11.07%, Number of sales 144, Weekly median advertised rent $340

Sunshine Unit: Median price $367,500, Annual capital growth 6.54%, Number of sales 49, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Sunshine is in the TOP 10% in VIC when comparing median price capital growth over the last year. Sunshine gave property investors a very good capital gain figure when compared to the rest of the state, with 25.70%.

Sunshine,3020 was ranked 627 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -7.65% to buyers in Sunshine at the moment, which is less than average for the rest of VIC.

Situated 11.56km from the CBD, Sunshine is one of Brimbank localities in the postcode 3020.

With a capital gain of -3.29% for the last 12 months, Sunshine, 3020 has performed for property investments than its average annual 6.54% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Sunshine comes in at number 173th in VIC.

Sellers are offering property buyers an average discount of -4.79% to buyers in Sunshine at the moment, which is less than average for the rest of VIC.

Sunshine, 3020’s gross rental yield is 3.96%

HOUSE UNIT
$670,000 $367,500
5.51% -4.55%
25.70% -3.29%
11.07% 6.54%
$340 $280
144 49
2.64% 3.96%
71.51 77.26

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in Sunshine VIC
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
Chart Table
Recent sales & rentals