Suburb Profile Report for Sunbury VIC (3429)

Sunbury House: Median price $411,000, Annual capital growth 5.12%, Number of sales 609, Weekly median advertised rent $350

Sunbury Unit: Median price $321,000, Annual capital growth 3.17%, Number of sales 86, Weekly median advertised rent $315

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Sunbury has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.60% to date .

Over the longer term, Sunbury has seen property prices show investors a 14.17% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Sunbury is giving property investors an average Vendor Discount of around -4.05%. This puts suburb at number 472th in VIC when ranking the most discounted suburbs.

At number 322 in a list of fastest selling suburbs, Sunbury is in the TOP 10% of suburbs in Australia with an average of days on market 41.67 for properties listed there.

With the median price for a house in Sunbury being $411000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.43%

Sunbury has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -1.98% to date .

Sunbury,3429 was ranked 966 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Sunbury should be aiming for at least -3.68% off the asking price, which is the average vendor discount being achieved at the moment.

At number 364 in a list of fastest selling suburbs, Sunbury is in the TOP 30% of suburbs in Australia with an average of days on market 57.18 for properties listed there.

Renters in Suburb are facing rents around $3780 per annum or $315 every week.

Metrics i HOUSE UNIT
$411,000 $321,000
2.11% 0.31%
9.60% -1.98%
5.12% 3.17%
$350 $315
609 86
4.43% 5.10%
41.67 57.18

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 34030
Median household income ($/weekly) 1432
Median age of persons 36
Median housing loan repayment ($/monthly) 1690
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 4822 14.2
    25-34 years 4273 12.6
    35-44 years 5044 14.8
    45-54 years 5067 14.9
    55-64 years 3868 11.4
    Others 10956 32.2
    Age Group
    Census Count Percent(%)
    Registered Married 12789 51.4
    Not Married 9742 39.1
    Defacto Relationship 2371 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 27426 84.1
    Indonesia 251 0.8
    Papua New Guinea 500 1.5
    United Kingdom 1799 5.5
    Other 577 1.8
    Others 2044 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 234 0.8
    Christianity 22638 72.6
    Islam 143 0.5
    Other Religious Groups 117 0.4
    No Religion 7941 25.5
    Others 127 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 980 9.3
    $1,250-$1,499 955 9.1
    $1,500-$1,999 1655 15.8
    $2,000-$2,499 1275 12.2
    $2,500-$2,999 977 9.3
    Others 4649 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 11096 43.2
    Not in the labour force 7468 29.1
    Employed, worked part-time 5278 20.5
    Employed, away from work 1055 4.1
    Unemployed, looking for work 799 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 2690 15.4
    Technicians & trades workers 2989 17.1
    Community & personal service workers 1893 10.9
    Clerical & administrative workers 3243 18.6
    Sales 1805 10.4
    Others 4812 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 581 7.1
    Infants/Primary 2964 36.0
    Secondary 2589 31.5
    Technical or Further Educational Institution 692 8.4
    University or other Tertiary Institutions 1113 13.5
    Others 292 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 30474 94.4
    Flat, unit or apartment 1193 3.7
    Semi-detached, row or terrace house, townhouse 604 1.9
    House or flat attached to a shop, office 21 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 5852 51.0
    Fully owned 3419 29.8
    Rented 2154 18.8
    Other tenure type 44 0.4
    Tenure Type
Census 2011, ABS
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