Suburb Profile Report for Sale VIC (3850)

Sale House: Median price $298,500, Annual capital growth 3.99%, Number of sales 257, Weekly median advertised rent $290

Sale Unit: Median price $215,000, Annual capital growth 3.58%, Number of sales 67, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Sale, 3850 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.79%.

Comparing Sale,3850 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 386th of VIC’s most discounted properties, Sale is in the TOP 40% of the state/territory when listing in order of most discounted to least.

At number 2366 in a list of fastest selling suburbs, Sale is in the bottom 40% of suburbs in Australia with an average of days on market 92.43 for properties listed there.

Using the current median advertised rental of $290 and the average annual increase in value of a median property of 3.99%, investors should hope to achieve an overall return of 5.05%

Investment property in Sale has done 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 -6.52%

A 14.67% growth in median value for property investors in Sale,3850 puts this suburb at number 281th in terms of best performing suburbs in VIC

The most recent median price for Sale is $215000, with sellers offering an average of -4.21% off the asking price.

At number 1296 in a list of fastest selling suburbs, Sale is in the bottom 20% of suburbs in Australia with an average of days on market 115.58 for properties listed there.

Using the current median advertised rental of $240 and the average annual increase in value of a median property of 3.58%, investors should hope to achieve an overall return of 5.80%

HOUSE UNIT
$298,500 $215,000
-0.50% -2.27%
1.79% -6.52%
3.99% 3.58%
$290 $240
257 67
5.05% 5.80%
92.43 115.58

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (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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