Investment property in Sunshine West has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.00%
While Sunshine West,3020 ranked number 191th in VIC for increase in median house value (annualised) increase, it is ranked 210th over the last 5 years.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.03%, without taking into account capital value appreciation, which has been averaging out at 9.98%.
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 15.58%
Sunshine West,3020 was ranked 1286 in Australia by increase in median property value over the quarter.
The VIC suburb of Sunshine West, 3020 is in the Brimbank local government area.