Suburb Profile Report for Sale VIC (3850)

Sale House: Median price $298,500, Annual capital growth 3.25%, Number of sales 234, Weekly median advertised rent $300

Sale Unit: Median price $230,000, Annual capital growth 3.72%, Number of sales 40, Weekly median advertised rent $235

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$298,500 $230,000
1.19% 0.44%
-0.50% 6.98%
3.25% 3.72%
$300 $235
234 40
5.23% 5.31%
119.06 122.16

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Sale VIC
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
Chart Table
Recent sales & rentals