Over the last year, property investments in Sale, 3850 have given investors a capital gain of 5.31%. This compares favourably with the -1.79% for VIC as a whole.
While Sale,3850 ranked number 204th in VIC for increase in median house value (annualised) increase, it is ranked 647th over the last 5 years.
Property investors looking for a bargain in Sale should be aiming for at least -5.98% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 21.00 sales per month, which equates to 252 per year.
Sale, 3850’s gross rental yield is 5.50%
Over the last year, property investments in Sale, 3850 have given investors a capital gain of -26.92%. This compares very badly with the 0.68% for VIC as a whole.
The five-year average increase in median property values for Sale,3850 has given property investors a potential capital gain of -7.32% across each of those five years.
Sellers are offering property buyers an average discount of -7.54% to buyers in Sale at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Sale the average time real estate has been on the market is 143 days.
With the median price for a house in Sale being $190000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 6.84%