Investment property in Sunshine has done 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 -9.61%
The five-year average increase in median property values for Sunshine,3020 has given property investors a potential capital gain of 44.94% across each of those five years.
Sellers are offering property buyers an average discount of -5.40% to buyers in Sunshine at the moment, which is less than average for the rest of VIC.
At number 1467 in a list of fastest selling suburbs, Sunshine is just in the top half of suburbs in Australia with an average of days on market 73 for properties listed there.
Advertised rents are around the $380 mark per week – giving a return of 2.88% based on the median price in Suburb
If you compare the increase in value of investment property in Sunshine, 3020 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 9.40%.
If we look at median property appreciation over just the last three months, Sunshine has given property investors a paper return of 3.31%. This puts Suburb as 106 on a list of fastest fasting appreciating suburbs in VIC
At number 20th of VIC’s most discounted properties, Sunshine is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Sunshine the average time real estate has been on the market is 117.32 days.
Situated 11.83km from the CBD, Sunshine is one of Brimbank (C) localities in the postcode 3020.