Suburb Profile Report for Skye VIC (3977)

Skye House: Median price $456,000, Annual capital growth 5.26%, Number of sales 122, Weekly median advertised rent $373

Skye Unit: Median price $328,750, Annual capital growth 3.21%, Number of sales 14, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Skye, 3977 have given investors a capital gain of 7.29%. This compares averagely with the 7.80% for VIC as a whole.

Skye,3977 was ranked 693 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Skye is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 580th in terms of most discounted suburbs in VIC

In the last year 122 properties changed hands in Skye, which puts it as the 206th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $372.5 and the average annual increase in value of a median property of 5.26%, investors should hope to achieve an overall return of 4.25%

Giving property investors a an average capital gain of 2.73% for the last year, Skye, 3977 is the 890th highest performer in Australia in this respect.

Over the longer term, Skye has seen property prices show investors a 21.76% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -2.51% to buyers in Skye at the moment, which is less than average for the rest of VIC.

With the median price for a house in Skye being $328750 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 5.46%

HOUSE UNIT
$456,000 $328,750
3.87% 1.15%
7.29% 2.73%
5.26% 3.21%
$373 $345
122 14
4.25% 5.46%
33.42 78.72

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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