At number 3754th in the list of Australian suburbs ordered by increase in median house value over the last year, Sassafras, 3787 is in the BOTTOM 20% with a property value increase of 2.39% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Sassafras comes in at number 497th in VIC.
In the last year 19 properties changed hands in Sassafras, which puts it as the 677th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Sassafras, 3787 is in the Yarra Ranges (S) local government area.
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