Sunshine North is a well-established suburb in Victoria within the Brimbank local government area (postcode 3020). With a population of 12,047, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $73K per year, with an average household size of 2.9 people. The most common occupations are professionals, labourers, technicians & trades. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Sunshine North is $750,000, having increased 3.5% over the past year. Units have a median price of $586,000 (-3.1% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,733.
Sunshine North is served by 5 schools, including 4 primary, 1 special. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 43 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 North offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($750K/$875K). The price-to-income ratio of 10.3x is considered stretched. House prices have moved +3.5% year-on-year.
Sunshine North is a well-established suburb in Victoria within the Brimbank local government area (postcode 3020). With a population of 12,047, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $73K per year, with an average household size of 2.9 people. The most common occupations are professionals, labourers, technicians & trades. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Sunshine North is $750,000, having increased 3.5% over the past year. Units have a median price of $586,000 (-3.1% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,733.
Sunshine North is served by 5 schools, including 4 primary, 1 special. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 43 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 North offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($750K/$875K). The price-to-income ratio of 10.3x is considered stretched. House prices have moved +3.5% year-on-year.