Giving property investors a an average capital gain of -1.36% for the last year, Sunshine, 3020 is the 2179th highest performer in Australia in this respect.
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.
Sunshine3020 is located in VIC which offers an average discount of -6.80% to property investors. Sunshine itself is showing figures that indicate -5.42% is the average achievable by property buyers investing in the suburb.
In the last year 103 properties changed hands in Sunshine, which puts it as the 218th most active market in VIC when comparing the number of sales per suburb.
Property value increases in Sunshine have tracked higher than the VIC average of 5.01% over the last 12 months.
Taking the average capital gain, or increase in median house value, Sunshine,3020 has racked up an average of 16.77% over the period. This ranks it number 959th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -7.81% to buyers in Sunshine at the moment, which is less than average for the rest of VIC.
In the last year 41 properties changed hands in Sunshine, which puts it as the 189th most active market in VIC when comparing the number of sales per suburb.
Sunshine is 136th on a list of best yielding suburbs for rents in VIC with a 4.40% return