Real Estate Sunshine North, VIC, 3020 Brimbank

Thinking about buying in Sunshine North? Now could not be a better time, with a whopping 7291 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $963,000 with prices in this suburb ranging from $209,000 to $2,554,000.

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Sunshine North Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Sunshine North 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 North 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 North 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. Medium density in Sunshine North necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Sunshine North the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.