With a capital gain of 11.27% for the last 12 months, Sassafras, 3787 has performed for property investments than its average annual 6.27% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sassafras has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Sassafras is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 624th in terms of most discounted suburbs in VIC
At number 2613 in a list of fastest selling suburbs, Sassafras is in the bottom 40% of suburbs in Australia with an average of days on market 100 for properties listed there.
Sassafras was named Sassafras gully after trees which grew in the area. The population is approx 900 as of the last census and the town is approx 43km from the cbd. Sassafras has many exotic flora largely due to the volcanic soil in the area.Full summary
Information supplied by:
Harcourts Essential Real Estate
Sassafras was named Sassafras gully after trees which grew in the area. The population is approx 900 as of the last census and the town is approx 43km from the cbd. Sassafras has many exotic flora largely due to the volcanic soil in the area.
Excellent lifestyle , numerous parks and attractions, Sherbrooke state forest, relaxed family living amidst an array of colour from the numerous plants and flowers throughout the town. Private tranquil homes are scattered throughout.
Most sought-after properties:
Modest to grand homes ranging from the early 1900s to the late 1980s.
Most common properties:
Mixture of small “miners cottages” with substantial character timber homes.
Parks, gardens gymnasium, cafes and retailshops, art galleries, tea rooms, antique and bric a brac shops, golf course and forest walks
Local industry and business:
Primarily tourist and retail businesses, schools and shops.
Hilton rd, Heathersett rd, The crescent.
Public transport: buses
Main arteries: Maroondah highway, Eastlink