Sale has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -2.02% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Sale comes in at number 606th in VIC.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Sale, 3850. Typically our figures indicate that -5.73% is being offered, which puts this VIC suburb at 2017th most discounted overall in Australia.
Often selling an investment property can take time, and in Sale the average time real estate has been on the market is 110.72 days.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.36%, without taking into account capital value appreciation, which has been averaging out at 3.47%.
Property value increases in Sale have tracked just lower than the VIC average of 3.49% over the last 12 months.
Across a shorter period, Sale, 3850 has seen a median price increase of 0.23% over the last quarter.
Property buyers and investors in Sale 3850 should be seeing an average reduction in asking price of around -5.55% . This means that Sale is holding prices well when compared to other suburbs in VIC.
Renters in Suburb are facing rents around $2760 per annum or $230 every week.