Sunshine is in the bottom 40% in VIC when comparing median price capital growth over the last year. Sunshine gave property investors a disappointing capital gain figure when compared to the rest of the state, with 10.24%.
When looking at the potential capital gains offered to property investors over the last 3 years, Sunshine comes in at number 585th in VIC.
Sellers are offering property buyers an average discount of 0.00% to buyers in Sunshine at the moment, which is less than average for the rest of VIC.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 2.22%, without taking into account capital value appreciation, which has been averaging out at 7.13%.
Investment property in Sunshine has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 60.25%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sunshine has increased when compared to the 5 year average annual rate.
The most recent median price for Sunshine is $645000, with sellers offering an average of 0.00% off the asking price.
On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.
Sunshine is 344th on a list of best yielding suburbs for rents in VIC with a 2.82% return