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Investment Property Sunshine, VIC, 3020

Suburb Snapshot

Sunshine is a suburb in the Brimbank Region of Victoria. Sunshine has a population of 9,765 people and 34.84% of its occupants live in rental accommodation. The median listing price for houses is $760,000 and this has changed -3.13% over the past year and changed -2.57% over 2 years.

The median rent in Sunshine for houses is $480 per week and the median rental yield is 3.28%. Stock on the market for houses/townhouses has changed 7.02% compared to last year and the average time to sell a house/townhouse is 107 days.The median listing price for units is $425,000 and this has changed -5.56% over the past year. The average unit takes 206 days to sell and the median rent for a unit in Sunshine is $380 per week, producing a rental yield of 4.64%.

Supply & Demand in Sunshine, Brimbank

1.36%

Current vacancy rate


59

Rental stock available


9,765

Population


34.84%

Rental population


0.69%

Current vacancy rate


530

Rental stock available


194,317

Population


23.53%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Sunshine, Brimbank

  House Townhouses Units
Median listing price $760,000 $640,000 $425,000
Median price change - last quarter -2.25% 0.00% -6.67%
Median price change - 1 year -3.13% -5.19% -5.56%
Median price change - 2 years -2.57% -8.58% 7.59%
  House Townhouses Units
Median weekly rent $480 $560 $380
Median yield % 3.28% 4.55% 4.64%
Median rent change - 1 year 6.66% 15.46% 8.57%
  House Units
Previous month sales 11 6
Stock on market previous month 61 20
Stock variance vs. last year 7.02% -23.08%
Average days on market 107 206

Sunshine investment property listings

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