sunshine north

3020, Victoria

Real Estate & Property Information

Median
Price Rank
334

sunshine north Suburb Profile & Review

Sunshine North is an industrial suburb predominantly populated by young professionals and non-English speaking communities. The two major retail precincts are Sunshine Plaza and Sunshine Marketplace, which features a Village Cinemas Megaplex and the only Intencity Gaming Complex in Melbourne's West.

A Victoria University campus centred on business, trade and retail can be found on Ballarat Road. Sunshine Hospital, part of Western Health, is located on Furlong Road. For recreation, the Sunshine Leisure Centre and the Sunshine World Gym contain fitness facilities and swimming pools, while the suburb's footy and cricket teams are based at Chaplin Reserve and Dempster Park. The Fun City entertainment complex is immensely popular with young families for its go-kart racing, haunted house and arcade games.

Perfectly placed for access to the West Gate Freeway, Sunshine North is also well catered to in terms of public transport. From Sunshine Station, it is a brisk journey to Southern Cross Station. Country services from Bendigo and Ballarat also pass through the station on their way into the city.

sunshine north Demographic Data

$ 415,000 Median House Price

24 Minutes Average Commute

37 Median Age

10,637 Population

50.53 % Female

49.47 % Male

2710 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in sunshine north, Victoria.

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sunshine north Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

sunshine north Median House Prices

  • 2008 $ 260,000
  • 2009 $ 320,000
  • 2010 $ 360,000
  • 2011 $ 425,000
  • 2012 $ 415,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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sunshine north 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in sunshine north have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term sunshine north property price predictions.

sunshine north Market Property Types

  • 85 % Seperate House
  • 10 % Semi Detached
  • 4 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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sunshine north Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

sunshine north Income & Mortgage Stats

  • $ 882 Median Weekly Household Income
  • $ 1,426 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in sunshine north

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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sunshine north Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

sunshine north Sold Property Prices

sunshine north Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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sunshine north Cafes

  • Verukas Gourmet Cafe73 McIntyre Roadsunshine north VIC 302003 9364 9470

sunshine north Schools

  • St. Bernadettes Primary SchoolWilley Streetsunshine north VIC 3020(03) 9311 8872Catholic Primary School
  • Furlong Park School for Deaf ChildrenCnr Furlong Rd and Cooke Avesunshine north VIC 3020(03)Ê 9312 3244 Specialist School
  • Sunshine Christian SchoolCnr Westmoreland and Warwick Roadssunshine north VIC 3020(03) 9312 7513Private School

sunshine north Childcare

  • Phoenix Street Children's Centre80 Phoenix Streetsunshine north VIC 3020
  • Jigsaw Child Care185 Phoenix Stsunshine north VIC 3020

sunshine north Kindergarten and Preschools

  • Dorothy Carlton Preschool47 Furlong Roadsunshine north VIC 3020

sunshine north Sporting Centres and Clubs

  • Melbourne Knightssunshine north VIC 3020Soccer Club
  • Dempster Parksunshine north VIC 3020Tennis Club & Courts
  • Sunshine North T. Clubsunshine north VIC 3020Tennis Club & Courts

Find out How Much your House is Worth in sunshine north

Request a free market Basic Report for sunshine north to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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