Sunshine West is a well-established suburb in Victoria within the Brimbank local government area (postcode 3020). With a population of 18,552, the suburb has an established demographic with a median age of 38. Households earn a median income of $74K per year, with an average household size of 2.8 people. The most common occupations are professionals, labourers, machinery operators & drivers. The top ancestries reported are Vietnamese, Australian, English.
The median house price in Sunshine West is $685,000, having dipped slightly 2.1% over the past year. Units have a median price of $590,000 (+1.7% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,700.
Sunshine West is served by 6 schools, including 4 primary, 2 secondary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 3 rail stations, 87 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 West offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($685K/$875K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved -2.1% year-on-year.
Sunshine West is a well-established suburb in Victoria within the Brimbank local government area (postcode 3020). With a population of 18,552, the suburb has an established demographic with a median age of 38. Households earn a median income of $74K per year, with an average household size of 2.8 people. The most common occupations are professionals, labourers, machinery operators & drivers. The top ancestries reported are Vietnamese, Australian, English.
The median house price in Sunshine West is $685,000, having dipped slightly 2.1% over the past year. Units have a median price of $590,000 (+1.7% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,700.
Sunshine West is served by 6 schools, including 4 primary, 2 secondary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 3 rail stations, 87 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 West offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($685K/$875K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved -2.1% year-on-year.