Get a property report and suburb profile for any property in Sunbury

Sunbury is a historic country town on Melbourne’s north-western fringe, where a compact, tree-lined main street and period cottages sit alongside newer family-oriented estates and semi-rural fringes with small-acreage lots and vineyards. Jacksons Creek and nearby reserves provide walking trails and lookout spots, and the Sunbury rail line and arterial roads link the suburb to the wider region, which makes it popular with commuters, families and people seeking more space without losing everyday convenience.

Home to 38,851 people, Sunbury has a median age of 38 and a median household income of $1,925 a week. Families make up a large share of households and most homes are owner-occupied, with about 79.2% owned outright or with a mortgage and 20.8% rented. Recent rail upgrades, a multi-deck carpark at Sunbury station adding about 300 commuter spaces, the Jacksons Hill master plan and a listed upgrade or expansion of the Sunbury Community Hospital point to ongoing changes in local facilities. Whether Sunbury suits you will depend on whether you value space, established streets and rail convenience.

On the figures for Sunbury, a typical local household earned $1,925 a week at the last Census. House rent of $540 a week would take about 28.1% of that weekly income and unit rent of $445 a week would take about 23.1%, both sitting in the moderate share range. For buyers, the median house price of $731,000 works out to about 7.3 times a typical local annual household income at the last Census, while the median unit price of $545,000 is about 5.4 times annual income. That means buying a house is notably more stretched against the local income benchmark than renting or buying a unit.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months property values in Sunbury rose a solid 7.0% for houses and a solid 5.5% for units, so the year’s movement was stronger on the capital growth side, with houses gaining a little more than units.

Rents moved more slowly: house rents edged up 1.9% while unit rents rose a modest 2.3%, meaning rental income increased only slightly and was outpaced by value gains over the year. If rental income is your priority, the rent figures are the ones that matter; if capital growth is your focus, the value figures are the relevant ones. Whether that suits your plans depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.