Investment property in Sassafras has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.60%
Sassafras,3787 was ranked 797 in Australia by increase in median property value over the quarter.
Vendor discounting in Sassafras is giving property investors an average Vendor Discount of around -6.02%. This puts suburb at number 307th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $410 mark per week – giving a return of 2.84% based on the median price in Suburb
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.Full summary
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