Property investors who have had real estate in Sunshine, 3020 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.07%
Over the longer term, Sunshine has seen property prices show investors a -0.66% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Sunshine is giving property investors an average Vendor Discount of around -5.92%. This puts suburb at number 79th in VIC when ranking the most discounted suburbs.
In the last year 73 properties changed hands in Sunshine, which puts it as the 300th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $370 mark per week – giving a return of 2.55% based on the median price in Suburb
Property investors who have had real estate in Sunshine, 3020 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 34.74%
Sunshine,3020 was ranked 2 in Australia by increase in median property value over the quarter.
Often selling an investment property can take time, and in Sunshine the average time real estate has been on the market is 75.4762 days.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 6.07%, investors should hope to achieve an overall return of 3.27%