Suburb Profile Report for Skye VIC (3977)

Skye House: Median price $488,800, Annual capital growth 5.81%, Number of sales 115, Weekly median advertised rent $380

Skye Unit: Median price $329,500, Annual capital growth 0.70%, Number of sales 12, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 12.89% for the last year, Skye, 3977 is the 720th highest performer in Australia in this respect.

Comparing Skye,3977 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Skye should be aiming for at least -3.17% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Skye being $488800 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.04%

With a capital gain of 1.22% for the last 12 months, Skye, 3977 has performed for property investments than its average annual 0.70% property growth over the last 5 years.

Across a shorter period, Skye, 3977 has seen a median price increase of -0.90% over the last quarter.

Vendor discounting in Skye is giving property investors an average Vendor Discount of around -2.98%. This puts suburb at number 289th in VIC when ranking the most discounted suburbs.

Residents and property investors in Skye have been waiting around 102.91 days to sell a property.

Skye, 3977’s gross rental yield is 5.52%

Metrics i HOUSE UNIT
$488,800 $329,500
4.56% -0.90%
12.89% 1.22%
5.81% 0.70%
$380 $350
115 12
4.04% 5.52%
30.72 102.91

Source: CoreLogic

DSR Score for property investment : Very good (H), Balanced (U)
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Demographics
Total population 7484
Median household income ($/weekly) 1474
Median age of persons 31
Median housing loan repayment ($/monthly) 1733
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 616 8.2
    5-14 years 1287 17.2
    25-34 years 1180 15.8
    35-44 years 1324 17.7
    45-54 years 1032 13.8
    Others 2045 27.3
    Age Group
    Census Count Percent(%)
    Registered Married 2710 51.3
    Not Married 1929 36.5
    Defacto Relationship 644 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5535 76.9
    Papua New Guinea 212 2.9
    Philippines 112 1.6
    United Kingdom 457 6.4
    Other 270 3.8
    Others 607 8.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 94 1.4
    Christianity 4333 63.6
    Hinduism 109 1.6
    Islam 142 2.1
    No Religion 2087 30.6
    Others 51 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 231 10.8
    $1,250-$1,499 226 10.5
    $1,500-$1,999 398 18.6
    $2,000-$2,499 302 14.1
    $2,500-$2,999 185 8.6
    Others 802 37.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2578 48.0
    Not in the labour force 1306 24.3
    Employed, worked part-time 1075 20.0
    Employed, away from work 224 4.2
    Unemployed, looking for work 189 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 467 12.0
    Technicians & trades workers 706 18.2
    Clerical & administrative workers 637 16.4
    Sales 409 10.5
    Labourers 462 11.9
    Others 1201 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 168 8.3
    Infants/Primary 858 42.3
    Secondary 588 29.0
    Technical or Further Educational Institution 206 10.2
    University or other Tertiary Institutions 158 7.8
    Others 50 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6976 96.4
    Flat, unit or apartment 137 1.9
    Semi-detached, row or terrace house, townhouse 122 1.7
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1543 65.5
    Rented 401 17.0
    Fully owned 388 16.5
    Other tenure type 22 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals