Suburb Profile Report for Sunset Strip VIC (3922)

Sunset Strip House: Median price $320,000, Annual capital growth 3.95%, Number of sales 13, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report

Giving property investors a a stable capital gain of 6.67% for the last year, Sunset Strip, 3922 is the 1625th highest performer in Australia in this respect.

While Sunset Strip,3922 ranked number 82th in VIC for increase in median house value (annualised) increase, it is ranked 480th over the last 5 years.

Property investors looking for a bargain in Sunset Strip should be aiming for at least -5.74% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 13 properties changed hands in Sunset Strip, which puts it as the 662th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3360 per annum or $280 every week.

HOUSE UNIT
$320,000 N/A
5.26% N/A
6.67% N/A
3.95% N/A
$280 N/A
13 N/A
4.55% N/A
75.4 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 339
Median household income ($/weekly) 915
Median age of persons 36
Median housing loan repayment ($/monthly) 990
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 40 11.8
    25-34 years 48 14.2
    35-44 years 60 17.7
    45-54 years 52 15.3
    55-64 years 38 11.2
    Others 101 29.8
    Age Group
    Census Count Percent(%)
    Not Married 115 51.1
    Registered Married 76 33.8
    Defacto Relationship 34 15.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 270 83.9
    Greece 4 1.2
    Papua New Guinea 6 1.9
    Philippines 5 1.6
    United Kingdom 27 8.4
    Others 10 3.1
    Country of Birth
    Census Count Percent(%)
    Christianity 164 56.6
    No Religion 116 40.0
    Other Religious Groups 6 2.1
    Buddhism 4 1.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 11 9.9
    $400-$599 21 18.9
    $600-$799 16 14.4
    $800-$999 19 17.1
    $1,500-$1,999 12 10.8
    Others 32 28.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 95 38.5
    Not in the labour force 73 29.6
    Employed, worked part-time 63 25.5
    Unemployed, looking for work 9 3.6
    Employed, away from work 7 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 19 11.2
    Professionals 15 8.9
    Technicians & trades workers 45 26.6
    Community & personal service workers 28 16.6
    Labourers 24 14.2
    Others 38 22.5
    Occupation
    Census Count Percent(%)
    Pre-school 8 11.6
    Infants/Primary 26 37.7
    Secondary 19 27.5
    Technical or Further Educational Institution 9 13.0
    University or other Tertiary Institutions 4 5.8
    Others 3 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 274 93.2
    Flat, unit or apartment 12 4.1
    Caravan, cabin, houseboat 8 2.7
    Semi-detached, row or terrace house, townhouse 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 62 50.4
    Rented 33 26.8
    Fully owned 25 20.3
    Other tenure type 3 2.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals