Investment property in Sunshine has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.99%
Comparing Sunshine,3020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sunshine3020 is located in VIC which offers an average discount of -5.08% to property investors. Sunshine itself is showing figures that indicate -2.00% is the average achievable by property buyers investing in the suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 2.36%, without taking into account capital value appreciation, which has been averaging out at 9.63%.
At number 1255th in the list of Australian suburbs ordered by increase in median house value over the last year, Sunshine, 3020 is in the BOTTOM 30% with a property value increase of -2.04% recorded in median house prices.
Across a shorter period, Sunshine, 3020 has seen a median price increase of -8.86% over the last quarter.
Sunshine, 3020 is offering VIC ‘s 190th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 4.44%, investors should hope to achieve an overall return of 4.48%