Suburb Profile Report for Sunshine VIC (3020)

Sunshine House: Median price $834,500, Annual capital growth 7.14%, Number of sales 95, Weekly median advertised rent $360

Sunshine Unit: Median price $632,000, Annual capital growth 8.80%, Number of sales 45, Weekly median advertised rent $350

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report
Unit Report

Over the last year, property investments in Sunshine, 3020 have given investors a capital gain of 10.82%. This compares averagely with the 14.59% for VIC as a whole.

Across a shorter period, Sunshine, 3020 has seen a median price increase of 11.27% over the last quarter.

Sunshine is 491th on a list of best yielding suburbs for rents in VIC with a 2.24% return

Across a shorter period, Sunshine, 3020 has seen a median price increase of 4.90% over the last quarter.

At number 1235 in a list of fastest selling suburbs, Sunshine is in the bottom 20% of suburbs in Australia with an average of days on market 83.2727 for properties listed there.

Metrics	HOUSE	UNIT
Median price	$834,500	$632,000
Quarterly growth	11.27%	4.90%
12-month growth	10.82%	N/A
Average Annual Growth	7.14%	8.80%
Weekly median advertised rent	$360	$350
Number of sales	95	45
Gross rental yield	2.24%	2.88%
Days on market	73.44	83.2727272727273

DSR Score for property investment : Below average (U), Balanced (H)

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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