Investment property in Sunbury has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.11%
Over the longer term, Sunbury has seen property prices show investors a 14.29% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Sunbury itself are offering an average vendor discount of -4.56% to real estate investors.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.42%, without taking into account capital value appreciation, which has been averaging out at 5.15%.
Sunbury is in the bottom 40% in VIC when comparing median price capital growth over the last year. Sunbury gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.16%.
Over the longer term, Sunbury has seen property prices show investors a 5.78% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Sunbury are currently offering property investors an average price cut of -4.67% below the asking price at the moment.
With the median price for a house in Sunbury being $320500 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.03%