Property investors who have had real estate in Sunbury, 3429 should be relatively 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 8.11%
The five-year average increase in median property values for Sunbury,3429 has given property investors a potential capital gain of 11.03% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Sunbury itself are offering an average vendor discount of -4.55% to real estate investors.
Sunbury, 3429’s gross rental yield is 4.42%
Over the last year, property investments in Sunbury, 3429 have given investors a capital gain of 0.87%. This compares badly with the 3.19% for VIC as a whole.
If we look at median property appreciation over just the last three months, Sunbury has given property investors a paper return of -0.16%. This puts Suburb as 218 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Sunbury are currently offering property investors an average price cut of -4.97% below the asking price at the moment.
At number 599 in a list of fastest selling suburbs, Sunbury is just in the top half of suburbs in Australia with an average of days on market 70.34 for properties listed there.
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%