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Suburb Insights ยท VIC 3020

Sunshine 3020, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Sunshine is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 9,445, making it a smaller community. Located approximately 12 km from the Melbourne CBD, Sunshine is a middle ring area in Victoria. The median household income is $81,432 AUD per year (ABS 2021 Census).

Investment Score

67 / 100 Good

Household incomes in Sunshine sit in a comfortable mid-range for the Victoria market. Its proximity to the CBD adds a strong location premium.

Location

Map shows Sunshine, Victoria, Australia.

Key Indicators

Postcode
3020

Official Australia Post postcode for Sunshine. A postcode may cover multiple suburbs.

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Population
9,445

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$340/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$81,432/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
12 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
2

Estimated 2 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
4

Estimated 4 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,842/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
62% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Sunshine's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $340/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,842/month. The median household income of $81,432/year reflects a solid demographic, supporting sustainable rental demand.

Investment Strategy

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Buy & Hold

Solid fundamentals in Sunshine support capital growth over a medium to long hold period.

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Rental Yield

Sunshine can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

The resale market in Sunshine may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Sunshine property

Full Property Analysis

30-year projections for Sunshine

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Sunshine is expected to see moderate price growth in 2026 as the broader Victoria market stabilises. The rental market in Sunshine should see steady occupancy, with moderate upward pressure on rents. Sunshine offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Sunshine a good suburb for investment?

Sunshine is a middle ring area in Victoria with a population of 9,445. The median rent is $340/week and the median household income is $81,432/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Sunshine?

Key demand drivers in Sunshine include established amenities and transport access. 62% of dwellings are separate houses. The area has approximately 2 schools and 4 parks nearby.

What is the population of Sunshine?

According to the ABS 2021 Census, Sunshine has a population of approximately 9,445. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Sunshine from the Melbourne CBD?

Sunshine is approximately 12 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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