Sunshine is a mid-sized suburb in Victoria within the Brimbank local government area (postcode 3020). With a population of 9,445, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2.6 people. The most common occupations are professionals, labourers, technicians & trades. The top ancestries reported are English, Australian, Vietnamese.
The median house price in Sunshine is $820,000, having increased 2.5% over the past year. Units have a median price of $470,000 (-25.5% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,842.
Sunshine is served by 5 schools, including 4 primary, 1 special. The average ICSEA score is 1011, which is around the national average of 1,000. Public transport access includes 16 rail stations, 81 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Sunshine offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($820K/$875K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +2.5% year-on-year.
Sunshine is a mid-sized suburb in Victoria within the Brimbank local government area (postcode 3020). With a population of 9,445, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2.6 people. The most common occupations are professionals, labourers, technicians & trades. The top ancestries reported are English, Australian, Vietnamese.
The median house price in Sunshine is $820,000, having increased 2.5% over the past year. Units have a median price of $470,000 (-25.5% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,842.
Sunshine is served by 5 schools, including 4 primary, 1 special. The average ICSEA score is 1011, which is around the national average of 1,000. Public transport access includes 16 rail stations, 81 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Sunshine offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($820K/$875K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +2.5% year-on-year.