Suburb Profile Report for Sunbury VIC (3429)

Sunbury House: Median price $400,000, Annual capital growth 5.15%, Number of sales 612, Weekly median advertised rent $340

Sunbury Unit: Median price $320,500, Annual capital growth 2.78%, Number of sales 96, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$400,000 $320,500
2.56% -0.31%
8.11% 0.16%
5.15% 2.78%
$340 $310
612 96
4.42% 5.03%
45.9 68.69

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Sunbury VIC
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
Chart Table
Recent sales & rentals