Sale has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.04% to date .
While Sale,3850 ranked number 491th in VIC for increase in median house value (annualised) increase, it is ranked 617th over the last 5 years.
Property investors looking for a bargain in Sale should be aiming for at least -6.05% off the asking price, which is the average vendor discount being achieved at the moment.
Giving property investors a a solid capital gain of 24.18% for the last year, Sale, 3850 is the 99th highest performer in Australia in this respect.
While Sale,3850 ranked number 171th in VIC for increase in median house value (annualised) increase, it is ranked 220th over the last 5 years.
Sellers are offering property buyers an average discount of -6.47% to buyers in Sale at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
A $225 per week rent on the median house gives suburb investors a gross yield of circa 4.11%, without taking into account capital value appreciation, which has been averaging out at 6.57%.