Sunshine has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 25.00% to date .
A 49.06% growth in median value for property investors in Sunshine,3020 puts this suburb at number 134th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Sunshine should be aiming for at least -7.65% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Sunshine the average time real estate has been on the market is 73.36 days.
Advertised rents are around the $340 mark per week – giving a return of 2.69% based on the median price in Suburb
If you compare the increase in value of investment property in Sunshine, 3020 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.63%.
Sunshine,3020 was ranked 1424 in Australia by increase in median property value over the quarter.
Sunshine3020 is located in VIC which offers an average discount of -5.14% to property investors. Sunshine itself is showing figures that indicate -4.54% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Sunshine the average time real estate has been on the market is 84.03 days.
Sunshine is 224th on a list of best yielding suburbs for rents in VIC with a 3.94% return