Investment property in Sale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.50%
Across a shorter period, Sale, 3850 has seen a median price increase of 1.19% over the last quarter.
Sellers are offering property buyers an average discount of -5.82% to buyers in Sale at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 19.50 sales per month, which equates to 234 per year.
Sale, 3850’s gross rental yield is 5.23%
Over the last year, property investments in Sale, 3850 have given investors a capital gain of 6.98%. This compares averagely with the 5.66% for VIC as a whole.
Sale,3850 has offered an average of 6.98% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Sale is giving property investors an average Vendor Discount of around -5.54%. This puts suburb at number 96th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Sale the average time real estate has been on the market is 122.16 days.
A $235 per week rent on the median house gives suburb investors a gross yield of circa 5.31%, without taking into account capital value appreciation, which has been averaging out at 3.72%.