At number 305th in the list of Australian suburbs ordered by increase in median house value over the last year, Sunshine West, 3020 is in the top 10% with a property value increase of 22.50% recorded in median house prices.
A 69.87% growth in median value for property investors in Sunshine West,3020 puts this suburb at number 130th in terms of best performing suburbs in VIC
Property buyers and investors in Sunshine West 3020 should be seeing an average reduction in asking price of around -3.66% . This means that Sunshine West is holding prices well when compared to other suburbs in VIC.
In the last year 193 properties changed hands in Sunshine West, which puts it as the 126th most active market in VIC when comparing the number of sales per suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 2.86%, without taking into account capital value appreciation, which has been averaging out at 10.15%.
Property investors who have had real estate in Sunshine West, 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 17.27%
Taking the average capital gain, or increase in median house value, Sunshine West,3020 has racked up an average of 17.27% over the period. This ranks it number 439th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -3.95% to buyers in Sunshine West at the moment, which is less than average for the rest of VIC.
Sunshine West is 194th on a list of best yielding suburbs for rents in VIC with a 3.92% return