With a capital gain of 19.58% for the last 12 months, Sunshine, 3020 has performed for property investments than its average annual 11.85% property growth over the last 5 years.
A 70.83% growth in median value for property investors in Sunshine,3020 puts this suburb at number 181th in terms of best performing suburbs in VIC
Property buyers and investors in Sunshine 3020 should be seeing an average reduction in asking price of around -13.73% . This means that Sunshine is holding prices well when compared to other suburbs in VIC.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 2.54%, without taking into account capital value appreciation, which has been averaging out at 11.85%.
Over the last year, property investments in Sunshine, 3020 have given investors a capital gain of -19.01%. This compares very badly with the 4.83% for VIC as a whole.
If we look at median property appreciation over just the last three months, Sunshine has given property investors a paper return of -14.48%. This puts Suburb as 356 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Sunshine are currently offering property investors an average price cut of -5.74% below the asking price at the moment.
In the last year 57 properties changed hands in Sunshine, which puts it as the 161th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $287.5 and the average annual increase in value of a median property of 5.31%, investors should hope to achieve an overall return of 4.82%