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