Sunshine is in the bottom 30% in VIC when comparing median price capital growth over the last year. Sunshine gave property investors a disappointing capital gain figure when compared to the rest of the state, with -10.26%.
Over the longer term, Sunshine has seen property prices show investors a 10.56% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Sunshine should be aiming for at least -6.68% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Sunshine the average time real estate has been on the market is 73.7447 days.
VIC has seen average median house prices change by 0.68% which means that Sunshine, 3020 has done well for property investors by showing a capital gain of 9.40% over the last year
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 -6.31% to property investors. Sunshine itself is showing figures that indicate -8.35% is the average achievable by property buyers investing in the suburb.
Situated 11.75km from the CBD, Sunshine is one of Brimbank (C) localities in the postcode 3020.