Suburb Profile Report for Sunset Strip VIC (3922)

Sunset Strip House: Median price $390,000, Annual capital growth 5.82%, Number of sales 19, Weekly median advertised rent $300

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

Investment property in Sunset Strip has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.11%

The five-year average increase in median property values for Sunset Strip,3922 has given property investors a potential capital gain of 34.48% across each of those five years.

Sunset Strip, 3922 is offering VIC ‘s 647th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

With the median price for a house in Sunset Strip being $390000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.00%

Metrics i HOUSE UNIT
$390,000 N/A
1.96% N/A
11.11% N/A
5.82% N/A
$300 N/A
19 N/A
4.00% N/A
98.8 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 339
Median household income ($/weekly) 915
Median age of persons 36
Median housing loan repayment ($/monthly) 990
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 40 11.8
    25-34 years 48 14.2
    35-44 years 60 17.7
    45-54 years 52 15.3
    55-64 years 38 11.2
    Others 101 29.8
    Age Group
    Census Count Percent(%)
    Not Married 115 51.1
    Registered Married 76 33.8
    Defacto Relationship 34 15.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 270 83.9
    Greece 4 1.2
    Papua New Guinea 6 1.9
    Philippines 5 1.6
    United Kingdom 27 8.4
    Others 10 3.1
    Country of Birth
    Census Count Percent(%)
    Christianity 164 56.6
    No Religion 116 40.0
    Other Religious Groups 6 2.1
    Buddhism 4 1.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 11 9.9
    $400-$599 21 18.9
    $600-$799 16 14.4
    $800-$999 19 17.1
    $1,500-$1,999 12 10.8
    Others 32 28.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 95 38.5
    Not in the labour force 73 29.6
    Employed, worked part-time 63 25.5
    Unemployed, looking for work 9 3.6
    Employed, away from work 7 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 19 11.2
    Professionals 15 8.9
    Technicians & trades workers 45 26.6
    Community & personal service workers 28 16.6
    Labourers 24 14.2
    Others 38 22.5
    Occupation
    Census Count Percent(%)
    Pre-school 8 11.6
    Infants/Primary 26 37.7
    Secondary 19 27.5
    Technical or Further Educational Institution 9 13.0
    University or other Tertiary Institutions 4 5.8
    Others 3 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 274 93.2
    Flat, unit or apartment 12 4.1
    Caravan, cabin, houseboat 8 2.7
    Semi-detached, row or terrace house, townhouse 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 62 50.4
    Rented 33 26.8
    Fully owned 25 20.3
    Other tenure type 3 2.4
    Tenure Type
Census 2011, ABS
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