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 15.76%
When looking at the potential capital gains offered to property investors over the last 3 years, Sunshine West comes in at number 33th in VIC.
Sunshine West3020 is located in VIC which offers an average discount of -5.20% to property investors. Sunshine West itself is showing figures that indicate -4.33% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Sunshine West the average time real estate has been on the market is 55.2 days.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 2.79%, without taking into account capital value appreciation, which has been averaging out at 9.39%.
Property investors who have had real estate in Sunshine West, 3020 should be ok 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 3.86%
Sunshine West,3020 has offered an average of 3.86% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Sunshine West is giving property investors an average Vendor Discount of around -3.63%. This puts suburb at number 234th in VIC when ranking the most discounted suburbs.
Situated 12.51km from the CBD, Sunshine West is one of Brimbank localities in the postcode 3020.