If you compare the increase in value of investment property in Sassafras, 3787 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 16.24%.
When looking at the potential capital gains offered to property investors over the last 3 years, Sassafras comes in at number 607th in VIC.
Property investors looking for a bargain in Sassafras should be aiming for at least -0.76% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
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