Property investors who have had real estate in Sale, 3850 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.67%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sale has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Sale itself are offering an average vendor discount of -6.08% to real estate investors.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
With a capital gain of 0.68% for the last 12 months, Sale, 3850 has performed for property investments than its average annual 2.98% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Sale comes in at number 230th in VIC.
Sellers are offering property buyers an average discount of -5.57% to buyers in Sale at the moment, which is less than average for the rest of VIC.
At number 1264 in a list of fastest selling suburbs, Sale is in the bottom 20% of suburbs in Australia with an average of days on market 112.3 for properties listed there.