Sunset Strip

POSTAL CODE: VIC, 3922

HOUSE

Based on its average 5-year and quarterly capital gains SUNSET STRIP, 3922 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that SUNSET STRIP, 3922 obtained a 5.97% growth over a ten-year period. It ranks 2727th on our list of suburbs that property investors should look into.

SUNSET STRIP, 3922 in VIC belongs to the local government area of Bass Coast.

SUNSET STRIP, 3922 has a capital gain of -7.03% for the past year, which is lower than average compared to its 16.44% growth within a five-year period.

With the median home price in SUNSET STRIP sitting at $595,000, and the average rent at $470, property owners could potentially earn a 4.11% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in SUNSET STRIP are low, as opposed to average gains per annum over the past five years.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$595,000	N/A
Growth Report
Median Quarterly	0.85%	N/A
Median 12 month	-7.03%	N/A
Median 3 years	-21.06%	N/A
Median 5 years	16.44%	N/A
10 years average annual	5.97%	N/A
Weekly media advert. rent	$470	N/A
Time on Market	154.2 days	N/A
Gross Rental Yield Percent	4.11%	N/A

Demographics (Median Values)*

Total Population 7738

Weekly Household Income 903

Household Size 2.20

Average Age 51

Monthly Loan Repayment 1400

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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