Sunset Strip suburb profile
Sunset Strip is a charming coastal locality situated on Phillip Island in Victoria, known for its serene environment and proximity to natural attractions. Located near the popular town of Cowes, it offers residents and visitors easy access to stunning beaches, wildlife parks, and the famous Phillip Island Grand Prix Circuit. The area is characterized by a relaxed lifestyle, with a mix of holiday homes and permanent residences. Its close-knit community and scenic surroundings make Sunset Strip an appealing destination for those seeking a peaceful retreat with the convenience of nearby amenities and recreational activities.
Sunset Strip property market performance
Sunset Strip’s property market has remained static over the past 12 months, with no change in median house or unit values. The median house price and unit price both stand at $0, indicating a lack of recent sales data for units and minimal activity for houses. Only three houses were sold in the past 12 months, and no units were transacted, reflecting limited market activity.
Houses in Sunset Strip are taking longer to sell, with a median of 126 days on the market, while there is no data available for units, suggesting a stagnant unit market. The rental market for houses, however, has seen a notable increase, with average rent rising by 9.3% to $470 over the last 12 months. There is no available data for unit rentals, indicating a lack of rental activity in this segment.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | N/A | N/A |
Change in value Past 12 months | 1.3% | N/A |
Sold Past 3 months | N/A | N/A |
Median days on market Past 12 months | 126 | N/A |
Average rent Past 12 months | $455 | N/A |
Change in rent Past 12 months | 3.4% | N/A |
Sunset Strip demographics
Sunset Strip, located in the picturesque region of Victoria, offers a serene lifestyle with a small population of just 503 residents. Known for its tranquil environment and close-knit community, this suburb is an ideal place for families and individuals seeking a peaceful retreat from the hustle and bustle of city life. The median age of 38 suggests a balanced mix of young families and mature residents, contributing to a diverse and harmonious community atmosphere.
The suburb's housing landscape is characterized by a significant proportion of home ownership, with 28.5% of properties owned outright and 44% owned with a mortgage. This indicates a stable residential base, with many families choosing to settle down in this charming locale. The rental market, comprising 27.5% of properties, provides options for those seeking flexibility or temporary residence, making Sunset Strip accessible to a variety of lifestyles.
Family dynamics in Sunset Strip are varied, with couple families with children making up 37.7% of the population, while couple families without children account for 30.3%. One-parent families also form a notable segment at 28.7%, reflecting the suburb's inclusive and supportive community environment. With a median total household income of $1009 per week, residents enjoy a modest yet comfortable standard of living, further enhanced by the suburb's natural beauty and relaxed pace of life.
Suburbs near Sunset Strip
Some popular suburbs near Sunset Strip include:

