Located in Victoria within the Hume local government area, Sunbury is a sizeable suburb (postcode 3429). With a population of 38,851, the suburb has an established family demographic with a median age of 38. Households earn a median income of $100K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Sunbury stand at $637,000, having declined by 4.2% over the last twelve months. Units have a median price of $510,000. The current median weekly rent is $520. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,733.
Sunbury is served by 14 schools, including 9 primary, 3 secondary, 1 combined, 1 special. The average ICSEA score is 1027, which is around the national average of 1,000. Public transport access includes 10 rail stations, 232 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
Looking at the investment signals, Sunbury shows a gross rental yield of approximately 4.2%, rated as moderate yield. Property prices are near the state median ($637K/$875K). The price-to-income ratio of 6.4x is considered moderate. House prices have moved -4.2% year-on-year. Population growth of +3.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.