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Bass Coast Shire

Sunset Strip

Sunset Strip Property Market
& Suburb Profile

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MEDIAN PRICES IN SUNSET STRIP

Median house price

(all agencies, last 12 months)$587k*

House price change

(all agencies, last 12 months)-14.62%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

SUNSET STRIP price TRACKER

Houses0

Sunset Strip sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)121

Average held period in Sunset Strip

(proptrack)5 years

Sunset Strip Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$484pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$453pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.76%

Average rental yield for Units

(all agencies, last 12 months)3.89%

Sunset Strip total population size

(as at the last census)503

Median household size in Sunset Strip

(as at the last census)2.4

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Sunset Strip property types

  • Houses 67%
  • Other 33%

OCCUPANCY in Sunset Strip

  • Owned 69%
  • Rented 26%
  • Other/Not Stated 5%
  • Singles 34%
  • Families 60%
  • Other 4%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

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About Sunset Strip

Sunset Strip is a unique and tranquil coastal suburb located on the western side of Phillip Island, approximately 145 kilometres south-east of the Melbourne CBD, offering an exclusive lifestyle defined by its immense peace, quiet, and direct access to Western Port Bay beaches.

The suburb is predominantly residential, featuring a mix of original beach houses and modern holiday homes, appealing strongly to retirees, holidaymakers, and those seeking a permanent sea-change characterised by low-density living and strong community seclusion.

Residents benefit from the immediate proximity to the island’s major natural attractions, including the Phillip Island Nature Parks and the famous Penguin Parade, providing extensive opportunities for nature observation and outdoor recreation.

While Sunset Strip itself offers very limited local commercial amenity, the main township of Cowes, which provides comprehensive retail, dining, schools, and essential services, is only a short drive away, ensuring convenience is easily accessible.

Education is supported by schools within the wider island community, which are accessed via local routes.

For investors, Sunset Strip represents an attractive holiday and short-stay accommodation market, driven by its premium coastal location, quiet atmosphere, and high tourist traffic, which underpins demand for its established housing stock and promises stable long-term capital appreciation due to the finite supply of prime island property.

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Sunset Strip MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202516$293,500-14.62%12$469pw3.83%
202414$323,750-7.50%9$467pw3.49%
202314$350,000-7.13%12$447pw3.27%
202212$376,87525.10%8$434pw3.17%
202124$725,62518.14%13$417pw2.96%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202516$293,500-14.62%
202414$323,750-7.50%
202314$350,000-7.13%
202212$376,875+25.10%
202124$725,625+18.14%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202512$469pw3.83%
20249$467pw3.49%
202312$447pw3.27%
20228$434pw3.17%
202113$417pw2.96%

PROUDLY SERVICING Sunset Strip

Barry Plant
Phillip Island

  • Our other local offices include:
  • San Remo

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.