With a capital gain of 9.75% for the last 12 months, Sassafras, 3787 has performed for property investments than its average annual 3.71% property growth over the last 5 years.
A 20.63% growth in median value for property investors in Sassafras,3787 puts this suburb at number 167th in terms of best performing suburbs in VIC
Property buyers and investors in Sassafras 3787 should be seeing an average reduction in asking price of around -5.68% . This means that Sassafras is holding prices well when compared to other suburbs in VIC.
Information supplied by:
Harcourts Essential Real Estate
Sassafras was named Sassafras gully after trees which grew in the area. The population is approx 900 as of the last census and the town is approx 43km from the cbd. Sassafras has many exotic flora largely due to the volcanic soil in the area.
Excellent lifestyle , numerous parks and attractions, Sherbrooke state forest, relaxed family living amidst an array of colour from the numerous plants and flowers throughout the town. Private tranquil homes are scattered throughout.
Most sought-after properties:
Modest to grand homes ranging from the early 1900s to the late 1980s.
Most common properties:
Mixture of small “miners cottages” with substantial character timber homes.
Parks, gardens gymnasium, cafes and retailshops, art galleries, tea rooms, antique and bric a brac shops, golf course and forest walks
Local industry and business:
Primarily tourist and retail businesses, schools and shops.
Hilton rd, Heathersett rd, The crescent.
Public transport: buses
Main arteries: Maroondah highway, Eastlink