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.