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Sunbury, VIC 3429

Home » VIC Real Estate Data » Hume City, VIC » Sunbury, VIC 3429

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 Sunbury, VIC 3429 located in Melbourne 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 “Sunbury, VIC 3429”

  1. The total adult population (15 years or older) of Sunbury 3429 VIC is 31,477, with a median age of 38. Of those, 47.07% are married, 12.44% are divorced or separated, 36.08% are single and 4.46% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,956. The median monthly mortgage repayment for households in this suburb is $1,733 which is 19.35% of their earnings.

    Source: ABS Census Data (2021)

  2. Text: The vibrant suburb of Sunbury, or postcode 3429, is nestled in the picturesque state of Victoria (VIC) and is home to an estimated 19,328 households. As of Q3 in 2023, typical prices for houses in Sunbury are a very reasonable $789,851, while property owners can expect a median weekly rent of $426. This rent contributes to an indicative yield of almost 3%, which falls just short of the minimum 3% attractive market requirement for cashflow-focused property investors.

    Houses in Sunbury seem to be sought-after with a socio-economic score or IRSAD of 1000 out of 1217, indicating a good standard of living, affluent residents, and the presence of well-paid professions in the area. An encouraging sign for potential investors is the renter to owner ratio, with only 20% of properties in the suburb being rented. This lower ratio means less competition among landlords for attracting tenants, favourably impacting rental yields.

    The suburb also boasts a low units-to-houses ratio of 8%, suggesting fewer units saturating the market with rentals, and a dominance of houses that typically attract families and long-term tenants. This ratio places Sunbury within the favourable range for investment. However, one area of concern might be the Affordability Index. At 35 years, it is above the standard 30-year mortgage period, indicating somewhat low affordability in the area.

    The real estate market in Sunbury is balanced in terms of supply and demand. The stock on market Percentage at 0.53% is within the neutral range, suggests a balanced market that is not oversaturated with listed properties. Likewise, with the inventory level for houses calculated at 1.71 months, and building approvals Ratio at 2.01%, the market indicates towards a stable equilibrium of supply.

    In terms of demand, houses on average sell within 37 days, showing a relatively high demand in the market. The vacancy rate for combined houses and units stands at a neutral 1.77%, suggesting enough demand to fill lettings. Finally, with a buy search index of 3, house buyer interest in Sunbury is at the lower end of the neutral range, hinting towards room for further growth and potential in this suburb.

    Overall, Sunbury’s real estate market shows a mix of favourable and neutral signals, making it a suburb worthy of consideration from property investors and buyer’s agents. It is important to consider the overall appeal of the suburb, its trends, and the RCS metric for a comprehensive decision.

    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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