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Sunshine, NSW 2264

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Sunshine, NSW 2264 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Sunshine, NSW 2264”

  1. The total adult population (15 years or older) of Sunshine 2264 NSW is 400, with a median age of 50. Of those, 55.75% are married, 14.25% are divorced or separated, 24.25% are single and 6.75% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $6,748. The median monthly mortgage repayment for households in this suburb is $1,733 which is 25.68% of their earnings.

    Source: ABS Census Data (2021)

  2. Sunshine 2264 is a vibrant suburb located in New South Wales, hosting around 264 households. As we move into the third quarter of 2023, a detailed look at the property market in Sunshine 2264 reveals some interesting data.

    Typical housing prices are currently standing at $720,019 in the area, with a notable median weekly rent of $650. This manifests a substantial indicative yield of 4.73%, surpassing the minimum attractive market requirement of 3% for cashflow-centered property investors. The lure of fairly robust returns would be hard to ignore for savvy investors looking to increase their income portfolios.

    A dive into the fundamental metrics shows that the suburb has an IRSAD score of 965 out of 1217, indicative of a respectable socio-economic status. This often translates to a good quality of living and reasonable access to economic resources.

    The renter to owner ratio stands at a mere 18%, giving landlords a favorable edge on the competition, and reduces the potential risk associated with a rental property saturated-market.

    Sunshine 2264 sparks more interest among investors due its 0% units to houses ratio, which implies a prevalence of houses over other forms of dwellings. The dominance of houses over apartments often draws families leading to extended tenancy periods.

    Looking at the affordability index, it calculates to a lengthy 46 years which signals less affordability in the suburb’s property market and may deter some potential buyers.

    The area boasts a low 0.38% on the stock on market percentage, suggesting that supply is low and favourable. Meanwhile, an inventory level of 6 months is a bit on the high side, indicating a high supply market. building approvals ratio for houses at 0.76% suggests a balance between low supply and increased supply, leaning towards a favourable real estate climate.

    The average number of days on market or DoM for houses in Sunshine 2264 has crept up to 91, indicating a relatively low demand. In tandem, the combined vacancy rate for houses and units is 2.13%, which falls within the neutral territory.

    Lastly, the buy search index for houses stands at 3, revealing a decent demand that aligns fairly well with the current supply. For future investors, keeping an eye on these metrics and considering the RCS (Relative Composite Score) would be crucial for smart, informed decisions. The property market insights from sizzling Sunshine 2264 call out to property investors and buyers agents. Monitor the trends and keep abreast of market developments to reap the benefits of this appealing property market.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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