Median price · 7 years
Rolling 12-month median, all dwellings
$670,000-1.3% past 12 months
2020202120222023202420252026
Sunshine
Steady outlook Growth score 62 Top 65% of sample
Risk score 35 Low · lower is better
Stability score 75 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Weak · 46
Listing scarcity15% Strong · 72
Rental demand14% Moderate · 66
Days on market12% Moderate · 67
Infrastructure investment11% Strong · 99
Jobs access10% Weak · 45
Population growth8% Weak · 32
Income growth7% Strong · 70
New supply pressure5% · negative High · 62
Key metrics vs benchmarks
VIC column is the sample-state average; national is the whole sample.
| Metric | Sunshine | VIC | National |
|---|---|---|---|
| Median price | $670,000 | $666,000 | $734,203 |
| 12-month growth | -1.3% | +1.6% | +8.4% |
| Gross rental yield | 3.5% | 3.7% | 4.0% |
| Vacancy rate | 1.8% | 1.9% | 1.3% |
| Days on market | 35 | 41 | 31 |
| Auction clearance | 62% | 60% | 62% |
| New supply pipeline | High | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
35Low risk
New supply pipelineApproved dwellings vs existing stock High · 62
Employment concentrationShare of jobs in the top two industries Low · 13
Price volatility, 5 yearsLargest peak-to-trough drawdown Low · 12
Vacancy pressureCurrent vacancy vs 2% threshold Low · 32
Hazard exposureFlood, bushfire and storm surge overlays Low · 12
Who lives here
ABS Census, latest release, aggregated to suburb
9,445population 34median age 48%owner-occupied 52%renting
Owner-occupiedRenting
Sunshine is an inner-west Melbourne suburb 11km from the CBD, positioned to become a future Melbourne Airport Rail Link hub. The Sunshine NEIC (National Employment and Innovation Cluster) health and education precinct is transforming the suburb into a major employment centre.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Melbourne Airport Rail Link hub station
- Sunshine NEIC health/education precinct
- Sunshine Hospital expansion
- Western Ring Road connectivity
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