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Suburb Insights ยท VIC 3787

Sassafras 3787, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Sassafras is a regional centre in Victoria, Australia, with a population of approximately 970, making it a boutique locality. Located approximately 34 km from the Melbourne CBD, Sassafras is a regional area in Victoria. The median household income is $111,644 AUD per year (ABS 2021 Census).

Investment Score

57 / 100 Moderate

Sassafras benefits from a high-income resident base, supporting premium property pricing. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Sassafras, Victoria, Australia.

Key Indicators

Postcode
3787

Official Australia Post postcode for Sassafras. A postcode may cover multiple suburbs.

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Population
970

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$410/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$111,644/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
34 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,000/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
89% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Sassafras serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $410/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,000/month. A median household income of $111,644/year supports premium property values and indicates a well-employed resident base. 89% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Sassafras over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Expect competitive but not exceptional rental returns in Sassafras's current market.

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Renovation / Flip

Limited buyer depth in Sassafras makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

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Full Property Analysis

30-year projections for Sassafras

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Moderate

Price movement in Sassafras is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental pipeline in Sassafras is thinner โ€” flexible lease terms could help secure tenants faster. The market mood around Sassafras is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Sassafras a good suburb for investment?

Sassafras is a regional area in Victoria with a population of 970. The median rent is $410/week and the median household income is $111,644/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Sassafras?

Key demand drivers in Sassafras include regional employment hubs, lifestyle, and affordability. 89% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Sassafras?

According to the ABS 2021 Census, Sassafras has a population of approximately 970. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Sassafras from the Melbourne CBD?

Sassafras is approximately 34 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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