Sassafras

Sassafras is a small suburb with a population of 970 residents. The age demographic is diverse, with a significant number of residents falling in the 5-19 years and 45-64 years age groups. The median household income is relatively high, indicating a stable economic environment. The suburb has good transportation options, with a notable number of residents commuting by motor vehicle. For house owners, Sassafras presents an opportunity for potential renovators given the high sale price IQR ratio, suggesting variability in property prices. The suburb also shows a moderate market absorption rate, indicating stable demand. However, investors should be cautious of the decreasing population growth trend. For developers, the low number of building approvals could indicate potential opportunities for new developments in the area. Sassafras offers residents a peaceful lifestyle in a small community with access to good amenities and transport options. House owners may find opportunities for renovation projects, while investors should consider the stable market conditions and decreasing population growth trend. Developers could explore the potential for new developments given the low building approvals in the suburb. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022