Suburb Profile Report for Sunshine VIC (3020)

Sunshine House: Median price $722,500, Annual capital growth 8.32%, Number of sales 76, Weekly median advertised rent $380

Sunshine Unit: Median price $330,250, Annual capital growth 5.87%, Number of sales 44, Weekly median advertised rent $350

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

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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 decrease in value by -7.37%

If we look at median property appreciation over just the last three months, Sunshine has given property investors a paper return of -1.70%. This puts Suburb as 451 on a list of fastest fasting appreciating suburbs in VIC

At number 1369 in a list of fastest selling suburbs, Sunshine is in the TOP 40% of suburbs in Australia with an average of days on market 61.6 for properties listed there.

Advertised rents are around the $380 mark per week – giving a return of 2.73% based on the median price in Suburb

Sunshine, 3020 ranked 282th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sunshine is one of 2099 in our list for VIC

While Sunshine,3020 ranked number 199th in VIC for increase in median house value (annualised) increase, it is ranked 292th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Sunshine is offering property investors an average of -5.69. This rate of discount on properties puts Suburb at number 110th in terms of most discounted suburbs in VIC

Sunshine is 33th on a list of best yielding suburbs for rents in VIC with a 5.51% return

Metrics i HOUSE UNIT
$722,500 $330,250
-1.70% -1.12%
-7.37% -9.27%
8.32% 5.87%
$380 $350
76 44
2.73% 5.51%
61.6 77.12

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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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