Suburb Profile Report for Sunshine VIC (3020)

Sunshine House: Median price $698,500, Annual capital growth 8.34%, Number of sales 77, Weekly median advertised rent $390

Sunshine Unit: Median price $360,000, Annual capital growth 4.80%, Number of sales 37, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Sunshine is in the bottom 30% in VIC when comparing median price capital growth over the last year. Sunshine gave property investors a disappointing capital gain figure when compared to the rest of the state, with -9.29%.

Over the longer term, Sunshine has seen property prices show investors a 17.89% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Sunshine, 3020. Typically our figures indicate that -6.94% is being offered, which puts this VIC suburb at 1372th most discounted overall in Australia.

Advertised rents are around the $390 mark per week – giving a return of 2.90% based on the median price in Suburb

Sunshine, 3020 ranked 142th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sunshine is one of 2099 in our list for VIC

A 0.00% growth in median value for property investors in Sunshine,3020 puts this suburb at number 69th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Sunshine is offering property investors an average of -5.94. This rate of discount on properties puts Suburb at number 97th in terms of most discounted suburbs in VIC

In the last year 37 properties changed hands in Sunshine, which puts it as the 150th most active market in VIC when comparing the number of sales per suburb.

Sunshine is 58th on a list of best yielding suburbs for rents in VIC with a 5.06% return

Metrics i HOUSE UNIT
$698,500 $360,000
-3.99% 4.20%
-9.29% 0.56%
8.34% 4.80%
$390 $350
77 37
2.90% 5.06%
68.4347826086957 86.9565217391305

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Sunshine VIC
Demographics
Total population 8837
Median household income ($/weekly) 984
Median age of persons 34
Median housing loan repayment ($/monthly) 1571
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 832 9.4
    25-34 years 1814 20.5
    35-44 years 1271 14.4
    45-54 years 982 11.1
    55-64 years 853 9.7
    Others 3087 34.9
    Age Group
    Census Count Percent(%)
    Not Married 3362 50.6
    Registered Married 2818 42.4
    Defacto Relationship 464 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3949 48.9
    Indonesia 586 7.3
    Japan 167 2.1
    Viet Nam 992 12.3
    Other 1043 12.9
    Others 1337 16.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 1001 12.5
    Christianity 4520 56.7
    Hinduism 390 4.9
    Islam 402 5.0
    No Religion 1349 16.9
    Others 316 4.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 316 11.6
    $600-$799 313 11.5
    $800-$999 312 11.4
    $1,000-$1,249 282 10.3
    $1,500-$1,999 323 11.8
    Others 1182 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2787 41.0
    Employed, worked full-time 2139 31.4
    Employed, worked part-time 1256 18.5
    Unemployed, looking for work 368 5.4
    Employed, away from work 252 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 649 17.8
    Technicians & trades workers 489 13.4
    Community & personal service workers 357 9.8
    Clerical & administrative workers 512 14.0
    Labourers 607 16.6
    Others 1035 28.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 481 23.7
    Secondary 394 19.4
    Technical or Further Educational Institution 369 18.2
    University or other Tertiary Institutions 453 22.4
    Other type of educational institution 229 11.3
    Others 100 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6785 83.6
    Flat, unit or apartment 803 9.9
    Semi-detached, row or terrace house, townhouse 506 6.2
    House or flat attached to a shop, office 21 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1014 35.2
    Rented 1008 35.0
    Being purchased 841 29.2
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
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