Investment property in Sunshine has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.96%
If we look at median property appreciation over just the last three months, Sunshine has given property investors a paper return of 4.40%. This puts Suburb as 113 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Sunshine should be aiming for at least -4.40% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 7.00 sales per month, which equates to 84 per year.
Renters in Suburb are facing rents around $19760 per annum or $380 every week.
Investment property in Sunshine has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%
While Sunshine,3020 ranked number 275th in VIC for increase in median house value (annualised) increase, it is ranked 315th over the last 5 years.
Advertised rents are around the $332.5 mark per week – giving a return of 4.43% based on the median price in Suburb