Suburb Profile Report for Sassafras VIC (3787)

Sassafras House: Median price $660,000, Annual capital growth 6.66%, Number of sales 12, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

VIC has seen average median house prices change by 8.96% which means that Sassafras, 3787 has done well for property investors by showing a capital gain of 11.86% over the last year

Sassafras,3787 has offered an average of 11.86% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -1.42% to buyers in Sassafras at the moment, which is less than average for the rest of VIC.

Situated 34.52km from the CBD, Sassafras is one of Yarra Ranges localities in the postcode 3787.

Mark Yusuf Information supplied by:

Mark Yusuf
Harcourts Essential Real Estate

M 97546000
O 0419521065

W http://markyusuf.harcourts.com.au/
E MARK.YUSUF@HARCOURTS.COM.AU
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
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.
 
Selling points: 
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.
 
Top amenities: 
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.
 
Best streets: 
Hilton rd, Heathersett rd, The crescent.
 
Public transport: buses
 
Main arteries: Maroondah highway, Eastlink 
 
Close
Metrics i HOUSE UNIT
$660,000 N/A
N/A N/A
11.86% N/A
6.66% N/A
N/A N/A
12 N/A
N/A N/A
84.18 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1148
Median household income ($/weekly) 1646
Median age of persons 42
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 145 12.7
    25-34 years 82 7.2
    35-44 years 194 16.9
    45-54 years 217 18.9
    55-64 years 193 16.8
    Others 315 27.5
    Age Group
    Census Count Percent(%)
    Registered Married 476 55.0
    Not Married 294 34.0
    Defacto Relationship 95 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 900 81.2
    Greece 13 1.2
    New Zealand 16 1.4
    United Kingdom 93 8.4
    Other 32 2.9
    Others 54 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 2.5
    Christianity 467 45.3
    Judaism 4 0.4
    Other Religious Groups 13 1.3
    No Religion 519 50.3
    Others 3 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 31 8.5
    $1,500-$1,999 58 15.9
    $2,000-$2,499 36 9.9
    $2,500-$2,999 54 14.8
    $3,000-$3,499 31 8.5
    Others 155 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 377 41.8
    Not in the labour force 234 25.9
    Employed, worked part-time 231 25.6
    Unemployed, looking for work 31 3.4
    Employed, away from work 29 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 131 20.5
    Professionals 173 27.1
    Technicians & trades workers 92 14.4
    Community & personal service workers 61 9.5
    Clerical & administrative workers 80 12.5
    Others 102 16.0
    Occupation
    Census Count Percent(%)
    Pre-school 34 11.2
    Infants/Primary 100 32.9
    Secondary 85 28.0
    Technical or Further Educational Institution 30 9.9
    University or other Tertiary Institutions 44 14.5
    Others 11 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1069 98.2
    Semi-detached, row or terrace house, townhouse 17 1.6
    Flat, unit or apartment 3 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 204 51.4
    Fully owned 153 38.5
    Rented 37 9.3
    Other tenure type 3 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals