Property investors who have had real estate in Sunshine, 3020 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 22.27%
When looking at the potential capital gains offered to property investors over the last 3 years, Sunshine comes in at number 30th in VIC.
The most recent median price for Sunshine is $672500, with sellers offering an average of -7.65% off the asking price.
Residents and property investors in Sunshine have been waiting around 73.6 days to sell a property.
Sunshine, 3020’s gross rental yield is 2.63%
Investment property in Sunshine has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.89%
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.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Sunshine itself are offering an average vendor discount of -5.74% to real estate investors.
Advertised rents are around the $280 mark per week – giving a return of 4.16% based on the median price in Suburb