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 6.85%
Taking the average capital gain, or increase in median house value, Sunbury,3429 has racked up an average of 6.85% over the period. This ranks it number 2602th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Sunbury are currently offering property investors an average price cut of -4.46% below the asking price at the moment.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.89%, investors should hope to achieve an overall return of 4.40%
Giving property investors a an average capital gain of 1.99% for the last year, Sunbury, 3429 is the 951th highest performer in Australia in this respect.
A 3.23% growth in median value for property investors in Sunbury,3429 puts this suburb at number 265th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Sunbury itself are offering an average vendor discount of -4.83% to real estate investors.
Residents and property investors in Sunbury have been waiting around 70.44 days to sell a property.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 5.04%, without taking into account capital value appreciation, which has been averaging out at 3.21%.