Sassafras is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2622). With a population of 18, the suburb has an older demographic with a median age of 61. Households earn a median income of $47K per year, with an average household size of 1.5 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian.
The median house price in Sassafras is $340,000, having dropped significantly 24.4% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 8.0%. The median monthly mortgage repayment is $3,337.
The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Sassafras offers a gross rental yield of 8.0%, rated as high yield. Property prices sit below the state median ($340K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.3x is considered moderate. House prices have moved -24.4% year-on-year.
Sassafras is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2622). With a population of 18, the suburb has an older demographic with a median age of 61. Households earn a median income of $47K per year, with an average household size of 1.5 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian.
The median house price in Sassafras is $340,000, having dropped significantly 24.4% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 8.0%. The median monthly mortgage repayment is $3,337.
The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Sassafras offers a gross rental yield of 8.0%, rated as high yield. Property prices sit below the state median ($340K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.3x is considered moderate. House prices have moved -24.4% year-on-year.