Sale is a well-established suburb in Victoria within the Wellington local government area (postcode 3850). With a population of 14,296, the suburb has an established demographic with a median age of 42. Households earn a median income of $69K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Sale is $485,000, having risen modestly 1% over the past year. Units have a median price of $327,000 (-0.9% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Sale is served by 9 schools, including 5 primary, 2 secondary, 1 combined, 1 special. The average ICSEA score is 1000, which is around the national average of 1,000. Public transport access includes 3 rail stations, 68 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Sale offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($485K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved +1.0% year-on-year.
Sale is a well-established suburb in Victoria within the Wellington local government area (postcode 3850). With a population of 14,296, the suburb has an established demographic with a median age of 42. Households earn a median income of $69K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Sale is $485,000, having risen modestly 1% over the past year. Units have a median price of $327,000 (-0.9% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Sale is served by 9 schools, including 5 primary, 2 secondary, 1 combined, 1 special. The average ICSEA score is 1000, which is around the national average of 1,000. Public transport access includes 3 rail stations, 68 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Sale offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($485K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved +1.0% year-on-year.