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.