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Suburb Insights ยท VIC 3020

Sunshine North 3020, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Sunshine North is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 12,047, making it a smaller community. Located approximately 12 km from the Melbourne CBD, Sunshine North is a middle ring area in Victoria. The median household income is $72,748 AUD per year (ABS 2021 Census).

Investment Score

61 / 100 Good

Household incomes in Sunshine North sit in a comfortable mid-range for the Victoria market. Close CBD access strengthens tenant appeal and resale value.

Location

Map shows Sunshine North, Victoria, Australia.

Key Indicators

Postcode
3020

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

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Population
12,047

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

ABS Census Data โ†’
Median Rent (weekly)
$341/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
$72,748/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
3

Estimated 3 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
5

Estimated 5 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,733/mo

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

ABS Census Data โ†’
Dwelling Type
77% 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 North'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 $341/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,733/month. 77% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Sunshine North could work well with careful property selection and a longer time horizon.

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Rental Yield

Rental yields in Sunshine North are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

Renovation projects in Sunshine North can capture the gap between unrenovated and updated property prices.

Risk Factors

Run the numbers on a Sunshine North property

Full Property Analysis

30-year projections for Sunshine North

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 North is expected to see moderate price growth in 2026 as the broader Victoria market stabilises. Tenants in Sunshine North have options โ€” presenting well-maintained properties is key to minimising vacancy. Investor sentiment is cautiously optimistic โ€” selective opportunities exist for well-researched buyers.

Frequently Asked Questions

Is Sunshine North a good suburb for investment?

Sunshine North is a middle ring area in Victoria with a population of 12,047. The median rent is $341/week and the median household income is $72,748/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 North?

Key demand drivers in Sunshine North include established amenities and transport access. 77% of dwellings are separate houses. The area has approximately 3 schools and 5 parks nearby.

What is the population of Sunshine North?

According to the ABS 2021 Census, Sunshine North has a population of approximately 12,047. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Sunshine North from the Melbourne CBD?

Sunshine North 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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