Suburb Profile Report for Sale VIC (3850)

Sale House: Median price $295,000, Annual capital growth 3.70%, Number of sales 261, Weekly median advertised rent $295

Sale Unit: Median price $220,500, Annual capital growth 3.30%, Number of sales 58, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

Sale has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 0.00% to date .

While Sale,3850 ranked number 583th in VIC for increase in median house value (annualised) increase, it is ranked 578th over the last 5 years.

Property investors looking for a bargain in Sale should be aiming for at least -5.38% off the asking price, which is the average vendor discount being achieved at the moment.

A $295 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 3.70%.

Sale, 3850 ranked 218th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sale is one of 2098 in our list for VIC

Sale,3850 has offered an average of 1.15% return per annum in house price rises to property investors over the last three years.

The most recent median price for Sale is $220500, with sellers offering an average of -5.58% off the asking price.

Sale is 31th on a list of best yielding suburbs for rents in VIC with a 5.66% return

HOUSE UNIT
$295,000 $220,500
-1.34% 2.56%
0.00% 1.15%
3.70% 3.30%
$295 $240
261 58
5.20% 5.66%
104.44 137.04

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 13185
Median household income ($/weekly) 946
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1671 12.7
    25-34 years 1693 12.8
    35-44 years 1582 12.0
    45-54 years 1810 13.7
    55-64 years 1537 11.7
    Others 4892 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 4468 47.6
    Not Married 4026 42.9
    Defacto Relationship 884 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 10938 87.4
    Indonesia 109 0.9
    Papua New Guinea 134 1.1
    United Kingdom 483 3.9
    Other 176 1.4
    Others 673 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 125 1.0
    Christianity 8421 70.2
    Hinduism 85 0.7
    Other Religious Groups 75 0.6
    No Religion 3220 26.9
    Others 64 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 463 10.0
    $400-$599 653 14.0
    $600-$799 552 11.9
    $800-$999 439 9.4
    $1,500-$1,999 499 10.7
    Others 2042 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3970 39.5
    Employed, worked full-time 3446 34.2
    Employed, worked part-time 1904 18.9
    Employed, away from work 412 4.1
    Unemployed, looking for work 331 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1149 19.9
    Technicians & trades workers 960 16.6
    Community & personal service workers 678 11.8
    Clerical & administrative workers 735 12.7
    Labourers 639 11.1
    Others 1605 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 229 8.0
    Infants/Primary 1058 36.8
    Secondary 934 32.5
    Technical or Further Educational Institution 323 11.2
    University or other Tertiary Institutions 245 8.5
    Others 85 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10937 90.1
    Semi-detached, row or terrace house, townhouse 690 5.7
    Flat, unit or apartment 455 3.7
    Caravan, cabin, houseboat 41 0.3
    House or flat attached to a shop, office 15 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1768 34.7
    Being purchased 1637 32.1
    Rented 1626 31.9
    Other tenure type 68 1.3
    Tenure Type
Census 2011, ABS
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