Giving property investors a a solid capital gain of 17.23% for the last year, Sassafras, 3787 is the 444th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Sassafras,3787 has racked up an average of 17.23% over the period. This ranks it number 3031th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -5.57% to buyers in Sassafras at the moment, which is less than average for the rest of VIC.
Sassafras is 324th on a list of best yielding suburbs for rents in VIC with a 3.66% return
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