Suburb Profile Report for Sunshine Bay NSW (2536)

Sunshine Bay House: Median price $550,000, Annual capital growth 4.58%, Number of sales 43, Weekly median advertised rent $435

Sunshine Bay Unit: Median price $387,500, Annual capital growth 11.03%, Number of sales 14, Weekly median advertised rent $365

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Sunshine Bay has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.77% to date .

While Sunshine Bay,2536 ranked number 1057th in NSW for increase in median house value (annualised) increase, it is ranked 860th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Sunshine Bay is offering property investors an average of -6.46. This rate of discount on properties puts Suburb at number 576th in terms of most discounted suburbs in NSW

Residents and property investors in Sunshine Bay have been waiting around 126.618 days to sell a property.

A $435 per week rent on the median house gives suburb investors a gross yield of circa 4.11%, without taking into account capital value appreciation, which has been averaging out at 4.58%.

If we look at median property appreciation over just the last three months, Sunshine Bay has given property investors a paper return of -0.64%. This puts Suburb as 405 on a list of fastest fasting appreciating suburbs in NSW

Renters in Suburb are facing rents around $18980 per annum or $365 every week.

Metrics i HOUSE UNIT
$550,000 $387,500
-0.72% -0.64%
5.77% N/A
4.58% 11.03%
$435 $365
43 14
4.11% 4.90%
126.617647058824 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Very good (U)
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Demographics
Total population 1237
Median household income ($/weekly) 781
Median age of persons 51
Median housing loan repayment ($/monthly) 1360
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 155 12.5
    35-44 years 124 10.0
    45-54 years 135 10.9
    55-64 years 144 11.7
    65-74 years 271 21.9
    Others 407 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 519 55.9
    Not Married 331 35.6
    Defacto Relationship 79 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 985 83.2
    Greece 15 1.3
    New Zealand 9 0.8
    United Kingdom 100 8.4
    Other 17 1.4
    Others 58 4.9
    Country of Birth
    Census Count Percent(%)
    Christianity 892 79.5
    No Religion 221 19.7
    Other Religious Groups 6 0.5
    Buddhism 3 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 44 9.6
    $400-$599 87 19.0
    $600-$799 76 16.6
    $800-$999 61 13.3
    $1,000-$1,249 44 9.6
    Others 145 31.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 546 56.5
    Employed, worked full-time 192 19.9
    Employed, worked part-time 162 16.8
    Unemployed, looking for work 40 4.1
    Employed, away from work 26 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 55 14.5
    Technicians & trades workers 52 13.7
    Community & personal service workers 62 16.4
    Clerical & administrative workers 48 12.7
    Sales 69 18.2
    Others 93 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 21 8.2
    Infants/Primary 94 36.6
    Secondary 92 35.8
    Technical or Further Educational Institution 28 10.9
    University or other Tertiary Institutions 16 6.2
    Others 6 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 988 84.3
    Semi-detached, row or terrace house, townhouse 114 9.7
    Flat, unit or apartment 40 3.4
    Caravan, cabin, houseboat 27 2.3
    House or flat attached to a shop, office 3 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 246 51.0
    Rented 125 25.9
    Being purchased 111 23.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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