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Sale
AREA REPORTS

Sale

Sale - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3850

house
unit

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 15.8% for the past year.

Investors saw the median home price rise to $399,500.

Profits due to an upward trend in home prices in the suburb averaged 10.62% per annum over a 3-year period.

SALE now ranks at the 378th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $400 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 56.6 days.

In 2016, 408 properties were sold in SALE during the past year, making it the 260th most active market in VIC based on total real estate transactions.

Data report can be found below

Sale
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $399,500 $270,000
GROWTH REPORT
Median Quarterly 3.77% 1.89%
Median 12 month 15.8% 12.73%
Median 3 years 31.85% 35%
Median 5 years 34.51% 22.73%
10 years average annual 3.61% 4.84%
Weekly media advert. rent $400 $320
Time on Market 56.6 days 51.5 days
Gross Rental Yield Percent 5.21% 6.16%
demographics (median values)*
Total Population
14779
Weekly Household Income
1168
Household Size
2.30
Age
40
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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