Suburb Profile Report for Sunshine North VIC (3020)

Sunshine North House: Median price $638,900, Annual capital growth 6.02%, Number of sales 102, Weekly median advertised rent $370

Sunshine North Unit: Median price $514,000, Annual capital growth 7.19%, Number of sales 29, Weekly median advertised rent $374

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

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

  • House Report
  • Unit Report

With a capital gain of -1.71% for the last 12 months, Sunshine North, 3020 has performed for property investments than its average annual 6.02% property growth over the last 5 years.

Comparing Sunshine North,3020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Sunshine North itself are offering an average vendor discount of -6.19% to real estate investors.

Residents and property investors in Sunshine North have been waiting around 76.7391 days to sell a property.

Sunshine North, 3020’s gross rental yield is 3.01%

Property investors who have had real estate in Sunshine North, 3020 should be 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 19.53%

Sunshine North,3020 was ranked 864 in Australia by increase in median property value over the quarter.

Sunshine North, 3020 is offering VIC ‘s 2nd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

Situated 12.58km from the CBD, Sunshine North is one of Brimbank (C) localities in the postcode 3020.

Metrics i HOUSE UNIT
$638,900 $514,000
0.61% 0.00%
-1.71% 19.53%
6.02% 7.19%
$370 $374
102 29
3.01% 3.78%
76.7391304347826 74.2941176470588

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 10636
Median household income ($/weekly) 882
Median age of persons 37
Median housing loan repayment ($/monthly) 1426
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1304 12.3
    25-34 years 1591 15.0
    35-44 years 1465 13.8
    45-54 years 1364 12.8
    55-64 years 1127 10.6
    Others 3786 35.6
    Age Group
    Census Count Percent(%)
    Not Married 4052 50.8
    Registered Married 3603 45.1
    Defacto Relationship 328 4.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4197 42.5
    Japan 277 2.8
    Netherlands 541 5.5
    Viet Nam 2464 24.9
    Other 930 9.4
    Others 1476 14.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 2462 25.3
    Christianity 5227 53.7
    Islam 430 4.4
    Other Religious Groups 142 1.5
    No Religion 1366 14.0
    Others 110 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 416 13.8
    $600-$799 350 11.7
    $800-$999 286 9.5
    $1,000-$1,249 297 9.9
    $1,500-$1,999 326 10.9
    Others 1329 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3807 47.3
    Employed, worked full-time 2319 28.8
    Employed, worked part-time 1162 14.4
    Unemployed, looking for work 491 6.1
    Employed, away from work 269 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 458 12.2
    Technicians & trades workers 579 15.4
    Clerical & administrative workers 444 11.8
    Machinery operators & drivers 529 14.1
    Labourers 650 17.3
    Others 1088 29.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 748 29.6
    Secondary 709 28.1
    Technical or Further Educational Institution 291 11.5
    University or other Tertiary Institutions 492 19.5
    Other type of educational institution 175 6.9
    Others 111 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8659 87.2
    Semi-detached, row or terrace house, townhouse 954 9.6
    Flat, unit or apartment 287 2.9
    House or flat attached to a shop, office 24 0.2
    Improvised home, tent, sleepers out 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1470 45.4
    Being purchased 954 29.5
    Rented 789 24.4
    Other tenure type 26 0.8
    Tenure Type
Census 2011, ABS
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