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