Suburb Profile Report for Skye VIC (3977)

Skye House: Median price $520,000, Annual capital growth 6.75%, Number of sales 138, Weekly median advertised rent $390

Skye Unit: Median price $340,000, Annual capital growth 3.11%, Number of sales 11, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 9.04% which means that Skye, 3977 has done well for property investors by showing a capital gain of 18.68% over the last year

Across a shorter period, Skye, 3977 has seen a median price increase of 5.05% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Skye itself are offering an average vendor discount of -3.89% to real estate investors.

On average over the past year, suburb has had 11.50 sales per month, which equates to 138 per year.

Using the current median advertised rental of $390 and the average annual increase in value of a median property of 6.75%, investors should hope to achieve an overall return of 3.90%

At number 830th in the list of Australian suburbs ordered by increase in median house value over the last year, Skye, 3977 is in the top half with a property value increase of 3.19% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Skye,3977 has racked up an average of 3.19% over the period. This ranks it number 1173th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Skye 3977 should be seeing an average reduction in asking price of around -3.03% . This means that Skye is holding prices well when compared to other suburbs in VIC.

At number 744 in a list of fastest selling suburbs, Skye is just in the bottom half of suburbs in Australia with an average of days on market 77.63 for properties listed there.

Situated 39.46km from the CBD, Skye is one of Frankston localities in the postcode 3977.

Metrics i HOUSE UNIT
$520,000 $340,000
5.05% 2.26%
18.68% 3.19%
6.75% 3.11%
$390 $360
138 11
3.90% 5.51%
26.97 77.63

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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