Sunshine has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.47% to date .
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 -5.00% to property investors. Sunshine itself is showing figures that indicate -2.80% is the average achievable by property buyers investing in the suburb.
Situated 11.50km from the CBD, Sunshine is one of Brimbank localities in the postcode 3020.
Sunshine, 3020 ranked 105th 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 180th of VIC’s most discounted properties, Sunshine is in the middle of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 7.23%, investors should hope to achieve an overall return of 3.85%