Suburb Profile Report for Sunshine West VIC (3020)

Sunshine West House: Median price $652,000, Annual capital growth 9.39%, Number of sales 187, Weekly median advertised rent $350

Sunshine West Unit: Median price $457,000, Annual capital growth 4.59%, Number of sales 42, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$652,000 $457,000
-0.84% -2.77%
15.76% 3.86%
9.39% 4.59%
$350 $330
187 42
2.79% 3.75%
55.2 64.76

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 16742
Median household income ($/weekly) 945
Median age of persons 37
Median housing loan repayment ($/monthly) 1491
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1975 11.8
    25-34 years 2405 14.4
    35-44 years 2325 13.9
    45-54 years 2064 12.3
    55-64 years 1880 11.2
    Others 6094 36.4
    Age Group
    Census Count Percent(%)
    Not Married 6130 47.9
    Registered Married 6092 47.6
    Defacto Relationship 577 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6979 44.8
    Hong Kong 554 3.6
    Netherlands 734 4.7
    Viet Nam 2144 13.8
    Other 1719 11.0
    Others 3444 22.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 2371 15.4
    Christianity 9702 63.2
    Hinduism 212 1.4
    Islam 1112 7.2
    No Religion 1750 11.4
    Others 211 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 703 14.8
    $600-$799 561 11.8
    $800-$999 477 10.0
    $1,000-$1,249 515 10.8
    $1,500-$1,999 559 11.7
    Others 1951 40.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5994 46.8
    Employed, worked full-time 3905 30.5
    Employed, worked part-time 1778 13.9
    Unemployed, looking for work 665 5.2
    Employed, away from work 463 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 735 12.0
    Technicians & trades workers 855 13.9
    Clerical & administrative workers 864 14.1
    Machinery operators & drivers 918 14.9
    Labourers 1038 16.9
    Others 1735 28.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 1114 30.3
    Secondary 1063 28.9
    Technical or Further Educational Institution 407 11.1
    University or other Tertiary Institutions 668 18.2
    Other type of educational institution 266 7.2
    Others 161 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15020 94.5
    Flat, unit or apartment 517 3.3
    Semi-detached, row or terrace house, townhouse 328 2.1
    House or flat attached to a shop, office 28 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2339 44.7
    Being purchased 1617 30.9
    Rented 1247 23.9
    Other tenure type 25 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals