Suburb Profile Report for Sale VIC (3850)

Sale House: Median price $330,000, Annual capital growth 1.97%, Number of sales 263, Weekly median advertised rent $350

Sale Unit: Median price $244,500, Annual capital growth 2.87%, Number of sales 50, Weekly median advertised rent $295

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Sale, 3850 have given investors a capital gain of 3.45%. This compares badly with the 8.39% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Sale,3850 has racked up an average of 3.45% over the period. This ranks it number 1824th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Sale is giving property investors an average Vendor Discount of around -4.02%. This puts suburb at number 258th in VIC when ranking the most discounted suburbs.

At number 3081 in a list of fastest selling suburbs, Sale is in the bottom 20% of suburbs in Australia with an average of days on market 106.426 for properties listed there.

Sale, 3850’s gross rental yield is 5.52%

At number 162th in the list of Australian suburbs ordered by increase in median house value over the last year, Sale, 3850 is in the top 20% with a property value increase of 16.43% recorded in median house prices.

Across a shorter period, Sale, 3850 has seen a median price increase of -5.60% over the last quarter.

Vendor discounting in Sale is giving property investors an average Vendor Discount of around -6.27%. This puts suburb at number 15th in VIC when ranking the most discounted suburbs.

Sale, 3850’s gross rental yield is 6.27%

Metrics i HOUSE UNIT
$330,000 $244,500
2.17% -5.60%
3.45% 16.43%
1.97% 2.87%
$350 $295
263 50
5.52% 6.27%
106.426035502959 106.742857142857

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 13185
Median household income ($/weekly) 946
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1671 12.7
    25-34 years 1693 12.8
    35-44 years 1582 12.0
    45-54 years 1810 13.7
    55-64 years 1537 11.7
    Others 4892 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 4468 47.6
    Not Married 4026 42.9
    Defacto Relationship 884 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 10938 87.4
    Indonesia 109 0.9
    Papua New Guinea 134 1.1
    United Kingdom 483 3.9
    Other 176 1.4
    Others 673 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 125 1.0
    Christianity 8421 70.2
    Hinduism 85 0.7
    Other Religious Groups 75 0.6
    No Religion 3220 26.9
    Others 64 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 463 10.0
    $400-$599 653 14.0
    $600-$799 552 11.9
    $800-$999 439 9.4
    $1,500-$1,999 499 10.7
    Others 2042 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3970 39.5
    Employed, worked full-time 3446 34.2
    Employed, worked part-time 1904 18.9
    Employed, away from work 412 4.1
    Unemployed, looking for work 331 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1149 19.9
    Technicians & trades workers 960 16.6
    Community & personal service workers 678 11.8
    Clerical & administrative workers 735 12.7
    Labourers 639 11.1
    Others 1605 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 229 8.0
    Infants/Primary 1058 36.8
    Secondary 934 32.5
    Technical or Further Educational Institution 323 11.2
    University or other Tertiary Institutions 245 8.5
    Others 85 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10937 90.1
    Semi-detached, row or terrace house, townhouse 690 5.7
    Flat, unit or apartment 455 3.7
    Caravan, cabin, houseboat 41 0.3
    House or flat attached to a shop, office 15 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1768 34.7
    Being purchased 1637 32.1
    Rented 1626 31.9
    Other tenure type 68 1.3
    Tenure Type
Census 2011, ABS
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