Suburb Profile Report for Sunshine VIC (3020)

Sunshine House: Median price $728,000, Annual capital growth 11.80%, Number of sales 148, Weekly median advertised rent $350

Sunshine Unit: Median price $350,000, Annual capital growth 7.11%, Number of sales 56, 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

Property value increases in Sunshine have tracked higher than the VIC average of 10.43% over the last 12 months.

If we look at median property appreciation over just the last three months, Sunshine has given property investors a paper return of 5.35%. This puts Suburb as 135 on a list of fastest fasting appreciating suburbs in VIC

At number 2340 in a list of fastest selling suburbs, Sunshine is in the bottom 40% of suburbs in Australia with an average of days on market 88.85 for properties listed there.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 2.50%, without taking into account capital value appreciation, which has been averaging out at 11.80%.

Sunshine, 3020 ranked 349th 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

The five-year average increase in median property values for Sunshine,3020 has given property investors a potential capital gain of 4.95% across each of those five years.

Property investors looking for a bargain in Sunshine should be aiming for at least -5.77% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 56 properties changed hands in Sunshine, which puts it as the 163th most active market in VIC when comparing the number of sales per suburb.

Sunshine is 155th on a list of best yielding suburbs for rents in VIC with a 4.31% return

Metrics i HOUSE UNIT
$728,000 $350,000
5.35% -3.45%
19.93% -8.56%
11.80% 7.11%
$350 $290
148 56
2.50% 4.31%
88.85 105.45

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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