3787, Victoria

Real Estate & Property Information

Price Rank

sassafras Suburb Profile & Review

Sassafras is a quaint village in the Dandenong Ranges with a population of little over 1,000. Tourists regularly visit its secluded bed and breakfast accommodations, while residents enjoy their proximity to the spectacular and mountainous Dandenong Ranges National Park.

In the town centre, you will find cafes, coffee shops, craft stores and antique stores. The Miss Marples Tea Rooms, which sit inside a stunning English Tudor style house, are a famous local landmark.

From both Upper Ferntree Gully Station and Boronia Station, trains run on the Belgrave line into the inner city. Two bus routes also journey through the township, the 688 bus from Croydon to Upper Ferntree Gully and the 694 bus from Belgrave to Mt Dandenong. There are two schools: Sassafras Primary School, and Sherbrooke Community School. Both feature intimate class sizes in a peaceful rural setting.

sassafras Demographic Data

$ 497,500 Median House Price

49 Minutes Average Commute

42 Median Age

1,145 Population

49.43 % Female

50.57 % Male




What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in sassafras, Victoria.

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sassafras Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

sassafras Median House Prices

  • 2008 $ 378,000
  • 2009 $ 455,000
  • 2010 $ 430,000
  • 2011 $ 507,000
  • 2012 $ 497,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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sassafras 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in sassafras have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term sassafras property price predictions.

sassafras Market Property Types

  • 98 % Seperate House
  • 2 % Semi Detached
  • 0 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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sassafras Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

sassafras Income & Mortgage Stats

  • $ 1,646 Median Weekly Household Income
  • $ 2,000 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in sassafras

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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sassafras Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

sassafras Sold Property Prices

sassafras Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

sassafras Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

sassafras Restaurants

  • Henry VIII Tea Rooms320 Mount Dandenong Tourist Rdsassafras VIC 378703 9755 1008
  • Fortnums395 Mount Dandenong Tourist Roadsassafras VIC 378703 9755 1200
  • Flippin' Pancakes327 Mount Dandenong Tourist Roadsassafras VIC 37870410 288 119

sassafras Cafes

  • Flippin' Pancakes327 Mount Dandenong Tourist Roadsassafras VIC 37870410 288 119
  • Henry VIII Tea Rooms320 Mount Dandenong Tourist Rdsassafras VIC 378703 9755 1008
  • Miss Marples382 Mount Dandenong Tourist Roadsassafras VIC 378703 9755 1610

sassafras Schools

  • Sassafras Primary School399 Mt Dandenong Tourist Rdsassafras VIC 3787(03) 9755 1203State Primary School
  • Sherbrooke Community Primary School311 Mount Dandenong Tourist Roadsassafras VIC 3787(03) 9755 2007State Primary School

sassafras Kindergarten and Preschools

  • Sassafras & District Kindergartensassafras VIC 3787

sassafras Sporting Centres and Clubs

  • Sassafrassassafras VIC 3787Bowling Club
  • Ferny Creek Tennis Clubsassafras VIC 3787Tennis Club & Courts

Find out How Much your House is Worth in sassafras

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