Suburb Profile Report for Skye VIC (3977)

Skye House: Median price $534,950, Annual capital growth 6.84%, Number of sales 143, Weekly median advertised rent $395

Skye Unit: Median price $383,500, Annual capital growth 5.71%, Number of sales 14, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Skye is in the TOP 20% in VIC when comparing median price capital growth over the last year. Skye gave property investors a very good capital gain figure when compared to the rest of the state, with 18.88%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Skye has increased when compared to the 5 year average annual rate.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.41% offered to property buyers. Sellers in Skye itself are offering an average vendor discount of -3.80% to real estate investors.

Skye, 3977 ranked 46th in VIC when comparing growth in median property values or capital gain over the last 12 months. Skye is one of 2098 in our list for VIC

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Skye has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -1.54% to buyers in Skye at the moment, which is less than average for the rest of VIC.

In the last year 14 properties changed hands in Skye, which puts it as the 343th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

Metrics i HOUSE UNIT
$534,950 $383,500
2.88% 2.27%
18.88% 16.39%
6.84% 5.71%
$395 $360
143 14
3.84% 4.88%
22.88 64.66

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Skye VIC
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