If you compare the increase in value of investment property in Sunshine, 3020 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.94%.
Comparing Sunshine,3020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Sunshine should be aiming for at least -4.71% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 6.78%, investors should hope to achieve an overall return of 2.63%
Sunshine is in the TOP 20% in VIC when comparing median price capital growth over the last year. Sunshine gave property investors a very good capital gain figure when compared to the rest of the state, with 18.09%.
While Sunshine,3020 ranked number 241th in VIC for increase in median house value (annualised) increase, it is ranked 281th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.85% offered to property buyers. Sellers in Sunshine itself are offering an average vendor discount of -7.23% to real estate investors.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 3.61%, investors should hope to achieve an overall return of 4.40%