With a capital gain of 4.25% for the last 12 months, Sunshine, 3020 has performed for property investments than its average annual 9.16% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Sunshine,3020 has racked up an average of 4.25% over the period. This ranks it number 165th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Sunshine, 3020. Typically our figures indicate that -2.83% is being offered, which puts this VIC suburb at 3586th most discounted overall in Australia.
The VIC suburb of Sunshine, 3020 is in the Brimbank local government area.
Sunshine is in the bottom 20% in VIC when comparing median price capital growth over the last year. Sunshine gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.08%.
Across a shorter period, Sunshine, 3020 has seen a median price increase of -2.62% over the last quarter.
Property investors looking for a bargain in Sunshine should be aiming for at least -4.24% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Sunshine being $352500 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.57%