At number 237th 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 21.78% recorded in median house prices.
While Sunshine,3020 ranked number 179th in VIC for increase in median house value (annualised) increase, it is ranked 58th over the last 5 years.
Sellers are offering property buyers an average discount of -5.50% to buyers in Sunshine at the moment, which is less than average for the rest of VIC.
Situated 11.46km from the CBD, Sunshine is one of Brimbank localities in the postcode 3020.
Property investors who have had real estate in Sunshine, 3020 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.17%
Across a shorter period, Sunshine, 3020 has seen a median price increase of -6.47% over the last quarter.
The most recent median price for Sunshine is $357500, with sellers offering an average of -6.30% off the asking price.
At number 1071 in a list of fastest selling suburbs, Sunshine is in the bottom 30% of suburbs in Australia with an average of days on market 95.34 for properties listed there.