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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 $762,500 and this has changed -3.49% over the past year and changed -2.25% over 2 years.

The median rent in Sunshine for houses is $480 per week and the median rental yield is 3.27%. Stock on the market for houses/townhouses has changed 10.91% compared to last year and the average time to sell a house/townhouse is 100 days.The median listing price for units is $420,000 and this has changed -6.67% over the past year. The average unit takes 229 days to sell and the median rent for a unit in Sunshine is $380 per week, producing a rental yield of 4.70%.

Supply & Demand in Sunshine, Brimbank

1.54%

Current vacancy rate


67

Rental stock available


9,765

Population


34.84%

Rental population


0.65%

Current vacancy rate


502

Rental stock available


194,317

Population


23.53%

Rental population


0.94%

Current vacancy rate


29,256

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 $762,500 $630,000 $420,000
Median price change - last quarter -2.25% 0.00% -6.67%
Median price change - 1 year -3.49% -7.36% -6.67%
Median price change - 2 years -2.25% -10.00% 6.32%
  House Townhouses Units
Median weekly rent $480 $550 $380
Median yield % 3.27% 4.53% 4.70%
Median rent change - 1 year 6.66% 19.56% 8.57%
  House Units
Previous month sales 17 4
Stock on market previous month 61 21
Stock variance vs. last year 10.91% -36.36%
Average days on market 100 229

Sunshine investment property listings

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