SALE, 3850 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling SALE, 3850 values up and netting property investors a capital gain of 3.73% for the past year.
Investors saw the median home price rise to $306,000.
Profits due to an upward trend in home prices in the suburb averaged 1.24% per annum over a 3-year period.
SALE now ranks at the 317th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in SALE are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $300 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SALE, homes and units usually stay on listing for an average of 123.9 days.
In 2016, 259 properties were sold in SALE during the past year, making it the 369th most active market in VIC based on total real estate transactions.
SALE ranks 124th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
SALE, 3850 has a capital gain of 21.57% for the past year, which is higher than average compared to its 24.69% growth within a five-year period.
SALE, 3850 ranks 133rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.57% for property investors last year.
With the median home price in SALE sitting at $279,000, and the average rent at $220, property owners could potentially earn a 4.1% increase in gross rental yield.
Property investors have seen a -0.36% drop in SALE based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on SALE, 3850 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 21.57%.
A survey of average capital gains or median home price increase in suburbs across the country shows that SALE, 3850 obtained a 6.3% growth over a ten-year period. It ranks 480th on our list of suburbs that property investors should look into.