Thinking about buying in Sunshine? Now could not be a better time, with just 272 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $873,000 with prices in this suburb ranging from $288,000 to $2,043,000. Sunshine is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Sunshine Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Sunshine driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Sunshine due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Sunshine changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Sunshine to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Sunshine we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Sunshine a better buying opportunity than it may have been in the past.

Properties for sale Sunshine

	12 kinnane cr, sunshine, vic, 3020	3	1	2	$1,150,000
	19 hampshire rd, sunshine, vic, 3020	3	2	2	$790,000 - $840,000
	51 duke st, sunshine, vic, 3020	3	1	6	Will sell $870,000!!!
	unit 2, 96 hertford rd, sunshine, vic, 3020	3	2	1	550000
	64 monash st, sunshine, vic, 3020	1	1	0	1600000
	20 rosdale pl, sunshine, vic, 3020	4	2	1	$825,000

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