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