Market snapshot
Suburb insights for Sunshine3020
Change suburbSunshine is located 12 km west of the CBD. Sunshine is the major commercial industrial and transport centre for the middle and outer western suburbs of Melbourne. It is a highly multicultural suburb comprising a significant Vietnamese community. Although there has been a decrease in manufacturing employment since the early 1980s it still provides a quarter of all jobs for Sunshine's workforce. Sunshine is the railway junction for the Ballarat and St Albans railway lines and features the Footscray TAFE - Sunshine Campus and the Sunshine Centre Plaza.
Sales data
Median sale price
$833k
Quarterly price change
7.7%
Metro Melbourne Comparison
$924k
0.4%
| Bedrooms | Sunshine | Metro comparison |
|---|---|---|
| 2 | $662,000 | $890,000 |
| 3 | $806,000 | $815,000 |
| 4 | $920,000 | $950,000 |
| Insight | Sunshine | Metro comparison |
|---|---|---|
| Clearance rate | 81.8% | 79.5% |
| Days on market | 65 | 39 |
Rental data
Median weekly rent
$500
Rental yield
3.2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Sunshine | Metro comparison |
|---|---|---|
| 2 | $450 | $580 |
| 3 | $500 | $550 |
| 4 | $620 | $600 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.