VIC has seen average median house prices change by 11.11% which means that Sunbury, 3429 has done well for property investors by showing a capital gain of 26.22% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sunbury has increased when compared to the 5 year average annual rate.
Sunbury3429 is located in VIC which offers an average discount of -5.04% to property investors. Sunbury itself is showing figures that indicate -3.13% is the average achievable by property buyers investing in the suburb.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.72%, without taking into account capital value appreciation, which has been averaging out at 7.41%.
Giving property investors a a stable capital gain of 11.94% for the last year, Sunbury, 3429 is the 389th highest performer in Australia in this respect.
While Sunbury,3429 ranked number 117th in VIC for increase in median house value (annualised) increase, it is ranked 211th over the last 5 years.
Property investors looking for a bargain in Sunbury should be aiming for at least -4.35% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $325 weekly from the median priced house in this suburb.