All About Sunbury, Hume, VIC, 3429

Sunbury is a satellite city of Melbourne, Victoria, sitting on its north-western outskirts. It is located in the Local Government Area of the City of Hume and is considered (at least for official purposes) to be a part of Greater Melbourne, despite being a city in its own right. Sunbury has a rich history, both pre- and post-European settlement. The city is home to five ‘Earth Rings’, Aboriginal structures thought to have been used for ceremonial purposes by the Wurundjeri people, the original inhabitants of the region. It is also known as the home of William “Big” Clarke, an influential individual in the development of Melbourne. Sunbury is a culturally and economically varied suburb, with residents ranging from blue-collar workers to inner-city commuters flocking to the region in recent years.

As both a city and a satellite of Melbourne, Sunbury is conveniently located and excellently equipped with brilliant amenities; the city features schools inlcuding primary schools such as Sunbury West and secondary schools such as Salesian College, as well as a series of sports teams. Sunbury is connected to the rest of the outer cities as well as Melbourne proper by the metro via Sunbury Railway Station, and to the rest of Victoria by V/Line services. All in all, Sunbury is a well-serviced, well-connected city with excellent links to Melbourne and a unique character and a rich history of its own.

Sunbury Real Estate Market Outlook

Thinking about buying in Sunbury? Now could not be a better time, with 21628 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $936,000 with prices in this suburb ranging from $148,000 to $64,012,000. The aproximate distance to the coast is 24 Km.

Consistent high demand relative to supply is a key feature in Sunbury driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Sunbury are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Sunbury provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Sunbury requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Sunbury we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Sunbury a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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