If you compare the increase in value of investment property in Sunshine, 3020 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.02%.
Sunshine,3020 has offered an average of 11.02% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Sunshine should be aiming for at least -2.80% off the asking price, which is the average vendor discount being achieved at the moment.
A $352.5 per week rent on the median house gives suburb investors a gross yield of circa 2.41%, without taking into account capital value appreciation, which has been averaging out at 10.75%.
Over the last year, property investments in Sunshine, 3020 have given investors a capital gain of -6.82%. This compares very badly with the 7.53% for VIC as a whole.
Over the longer term, Sunshine has seen property prices show investors a -1.39% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Sunshine is giving property investors an average Vendor Discount of around -6.03%. This puts suburb at number 62th in VIC when ranking the most discounted suburbs.
Residents and property investors in Sunshine have been waiting around 95.4 days to sell a property.
With the median price for a house in Sunshine being $355000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.39%