Sunset Strip is a small community in Victoria within the Bass Coast local government area (postcode 3922). With a population of 503, the suburb has an established demographic with a median age of 38. Households earn a median income of $52K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Sunset Strip is $640,000, having dropped significantly 8.6% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,448.
The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
From an investment perspective, Sunset Strip offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($640K/$875K). The price-to-income ratio of 12.2x is considered stretched. House prices have moved -8.6% year-on-year.
Sunset Strip is a small community in Victoria within the Bass Coast local government area (postcode 3922). With a population of 503, the suburb has an established demographic with a median age of 38. Households earn a median income of $52K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Sunset Strip is $640,000, having dropped significantly 8.6% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,448.
The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
From an investment perspective, Sunset Strip offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($640K/$875K). The price-to-income ratio of 12.2x is considered stretched. House prices have moved -8.6% year-on-year.