Suburb Profile Report for Sunset Strip VIC (3922)

Sunset Strip House: Median price $337,500, Annual capital growth 6.60%, Number of sales 17, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report

Sunset Strip has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.29% to date .

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Sunset Strip itself are offering an average vendor discount of -6.92% to real estate investors.

Sunset Strip is 196th on a list of best yielding suburbs for rents in VIC with a 4.39% return

Metrics i HOUSE UNIT
$337,500 N/A
1.50% N/A
11.29% N/A
6.60% N/A
$285 N/A
17 N/A
4.39% N/A
165.78 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
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