Suburb Profile Report for Sunshine VIC (3020)

Sunshine House: Median price $725,000, Annual capital growth 6.88%, Number of sales 103, Weekly median advertised rent $390

Sunshine Unit: Median price $390,000, Annual capital growth 3.84%, Number of sales 41, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$725,000 $390,000
6.62% 3.31%
-1.36% 16.77%
6.88% 3.84%
$390 $330
103 41
2.80% 4.40%
72.0588235294118 119.36

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (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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