Sunshine, 3020 ranked 451th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sunshine is one of 2099 in our list for VIC
Sunshine,3020 has offered an average of 5.56% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.29% offered to property buyers. Sellers in Sunshine itself are offering an average vendor discount of -5.46% to real estate investors.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 2.60%, without taking into account capital value appreciation, which has been averaging out at 5.83%.
Over the last year, property investments in Sunshine, 3020 have given investors a capital gain of 1.28%. This compares badly with the 5.78% for VIC as a whole.
Over the longer term, Sunshine has seen property prices show investors a 8.52% return over the last 3 years. This is worse than over the last 12 months
Often selling an investment property can take time, and in Sunshine the average time real estate has been on the market is 90.9412 days.
Renters in Suburb are facing rents around $17160 per annum or $330 every week.