Suburb Profile Report for Sunshine VIC (3020)

Sunshine House: Median price $770,000, Annual capital growth 9.63%, Number of sales 118, Weekly median advertised rent $350

Sunshine Unit: Median price $360,000, Annual capital growth 4.44%, Number of sales 46, Weekly median advertised rent $310

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Sunshine has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.99%

Comparing Sunshine,3020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sunshine3020 is located in VIC which offers an average discount of -5.08% to property investors. Sunshine itself is showing figures that indicate -2.00% is the average achievable by property buyers investing in the suburb.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 2.36%, without taking into account capital value appreciation, which has been averaging out at 9.63%.

At number 1255th in the list of Australian suburbs ordered by increase in median house value over the last year, Sunshine, 3020 is in the BOTTOM 30% with a property value increase of -2.04% recorded in median house prices.

Across a shorter period, Sunshine, 3020 has seen a median price increase of -8.86% over the last quarter.

Sunshine, 3020 is offering VIC ‘s 190th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Using the current median advertised rental of $310 and the average annual increase in value of a median property of 4.44%, investors should hope to achieve an overall return of 4.48%

Metrics i HOUSE UNIT
$770,000 $360,000
1.25% -8.86%
8.99% -2.04%
9.63% 4.44%
$350 $310
118 46
2.36% 4.48%
64.91 63.5

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 8837
Median household income ($/weekly) 984
Median age of persons 34
Median housing loan repayment ($/monthly) 1571
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 832 9.4
    25-34 years 1814 20.5
    35-44 years 1271 14.4
    45-54 years 982 11.1
    55-64 years 853 9.7
    Others 3087 34.9
    Age Group
    Census Count Percent(%)
    Not Married 3362 50.6
    Registered Married 2818 42.4
    Defacto Relationship 464 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3949 48.9
    Indonesia 586 7.3
    Japan 167 2.1
    Viet Nam 992 12.3
    Other 1043 12.9
    Others 1337 16.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 1001 12.5
    Christianity 4520 56.7
    Hinduism 390 4.9
    Islam 402 5.0
    No Religion 1349 16.9
    Others 316 4.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 316 11.6
    $600-$799 313 11.5
    $800-$999 312 11.4
    $1,000-$1,249 282 10.3
    $1,500-$1,999 323 11.8
    Others 1182 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2787 41.0
    Employed, worked full-time 2139 31.4
    Employed, worked part-time 1256 18.5
    Unemployed, looking for work 368 5.4
    Employed, away from work 252 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 649 17.8
    Technicians & trades workers 489 13.4
    Community & personal service workers 357 9.8
    Clerical & administrative workers 512 14.0
    Labourers 607 16.6
    Others 1035 28.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 481 23.7
    Secondary 394 19.4
    Technical or Further Educational Institution 369 18.2
    University or other Tertiary Institutions 453 22.4
    Other type of educational institution 229 11.3
    Others 100 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6785 83.6
    Flat, unit or apartment 803 9.9
    Semi-detached, row or terrace house, townhouse 506 6.2
    House or flat attached to a shop, office 21 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1014 35.2
    Rented 1008 35.0
    Being purchased 841 29.2
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
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