Located in Victoria within the Wellington local government area, Sale is a settled mid-to-large suburb (postcode 3850). The area has roughly 14,296 residents and an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are Australian, English, Irish.
Sale has a median house price of $470,000, which has fallen by 3.1% year-on-year. Units have a median price of $365,000 (+11.6% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 5.0%. 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.
Looking at the investment signals, Sale shows a gross rental yield of approximately 5.0%, rated as moderate yield. Property prices sit below the state median ($470K/$875K), which can point to relative value. The price-to-income ratio of 6.8x is considered moderate. House prices have moved -3.1% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.