Sunset Strip, VIC 3922
Compare Part of Bass Coast
80.38 km
Distance from Melbourne CBD
6 k
Population
Median Sale Price
House
-
Updated on Mar 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Mar 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $240,000 | 0.0% | $160,000 | $301,600 | 18 |
| 2010 | $290,000 | +17.2% | $243,000 | $392,500 | 23 |
| 2011 | $328,000 | +11.6% | $252,500 | $422,000 | 8 |
| 2012 | $300,000 | -9.3% | $215,000 | $450,000 | 13 |
| 2013 | $321,500 | +6.7% | $200,000 | $425,000 | 13 |
| 2014 | $330,000 | +2.6% | $230,000 | $550,000 | 13 |
| 2015 | $302,500 | -9.1% | $220,000 | $475,000 | 14 |
| 2016 | $335,000 | +9.7% | $220,000 | $600,000 | 19 |
| 2017 | $352,000 | +4.8% | $240,000 | $466,000 | 32 |
| 2018 | $410,000 | +14.1% | $329,000 | $485,000 | 14 |
| 2019 | $460,000 | +10.9% | $192,000 | $510,000 | 8 |
| 2020 | $510,000 | +9.8% | $399,500 | $617,000 | 20 |
| 2021 | $620,000 | +17.7% | $496,250 | $1,005,000 | 23 |
| 2022 | $770,000 | +19.5% | $597,000 | $960,000 | 10 |
| 2023 | $690,000 | -11.6% | $570,000 | $849,000 | 13 |
| 2024 | $770,000 | +10.4% | $500,000 | $1,150,000 | 8 |
Median Sale Price
$710K
Based on 16 recorded sales within the last 12 months
Updated on 25 May 2024
Suburb Growth
+8.5%
Current Median Price: $710,000
Previous Median Price: $650,000
Based on 27 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Apr 2024)
Price Range Segments (12 months ending Apr 2024)
Median Weekly Rent Price
House
-
Updated on Mar 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Mar 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $275 | 0.0% | $180 | $350 | 13 |
| 2012 | $300 | +8.3% | $205 | $360 | 16 |
| 2013 | $250 | -20.0% | $210 | $1,300 | 14 |
| 2014 | $280 | +10.7% | $230 | $380 | 16 |
| 2015 | $270 | -3.7% | $200 | $330 | 18 |
| 2016 | $290 | +6.9% | $220 | $360 | 13 |
| 2017 | $350 | +17.1% | $220 | $385 | 8 |
| 2018 | $300 | -16.7% | $280 | $430 | 7 |
| 2019 | $380 | +21.1% | $290 | $450 | 12 |
| 2020 | $370 | -2.7% | $300 | $450 | 17 |
| 2021 | $390 | +5.1% | $300 | $450 | 10 |
| 2022 | $500 | +22.0% | $410 | $650 | 8 |
| 2023 | $450 | -11.1% | $390 | $500 | 12 |
| 2024 | $450 | 0.0% | $450 | $450 | 1 |
Median Rent Price
$450
per week
Based on 9 recorded rent within the last 12 months
Updated on 25 May 2024
Rent Price Growth
+6.7%
Current Median Rent: $450
Previous Median Rent: $420
Based on 17 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.3%
Current Median Price: $710,000
Current Median rent: $450
Based on 25 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Apr 2024)
Schools closest to Sunset Strip, VIC 3922
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Newhaven College Sunset Strip | Sunset Strip 3922 | Combined | Independent | 0.26 km |