Sunshine

Sunshine, VIC 3020 is a vibrant suburb with a diverse population. The area is popular among young professionals and families, with a significant number of residents aged between 20 to 44 years. The median household income is above average, and the commute options include train, bus, and motor vehicle. Sunshine offers a variety of housing options and is well-connected to essential amenities and services. For houses in Sunshine, the suburb shows potential for renovation opportunities given the high sale price IQR ratio. With a moderate market absorption rate, there is a balanced demand for housing. While the rental yield is average, the median growth rate indicates steady appreciation. For units, the high sale price IQR ratio suggests potential for renovators or developers. The market absorption rate is healthy, indicating good demand. The suburb's proximity to public transport and educational institutions adds to its investment appeal. Sunshine, VIC 3020 is a dynamic suburb offering a mix of housing options and amenities suitable for homeowners and investors alike. With above-average income levels and various transportation options, the area presents a compelling lifestyle choice. Both houses and units in Sunshine have investment potential, with opportunities for capital growth and development projects. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022