Suburb Profile Report for Sunshine VIC (3020)

Sunshine House: Median price $761,000, Annual capital growth 9.02%, Number of sales 91, Weekly median advertised rent $355

Sunshine Unit: Median price $336,000, Annual capital growth 3.48%, Number of sales 51, Weekly median advertised rent $310

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Sunshine, 3020 ranked 459th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sunshine is one of 2098 in our list for VIC

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sunshine has increased when compared to the 5 year average annual rate.

At number 650th of VIC’s most discounted properties, Sunshine is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Sunshine the average time real estate has been on the market is 64.05 days.

If you compare the increase in value of investment property in Sunshine, 3020 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -8.45%.

Across a shorter period, Sunshine, 3020 has seen a median price increase of -5.35% over the last quarter.

The most recent median price for Sunshine is $336000, with sellers offering an average of -4.22% off the asking price.

Metrics i HOUSE UNIT
$761,000 $336,000
-1.17% -5.35%
4.25% -8.45%
9.02% 3.48%
$355 $310
91 51
2.43% 4.80%
64.05 68.35

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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