Get a property report and suburb profile for any property in Skye

Skye blends a semi-rural feel with everyday suburban convenience. Streets range from quiet residential roads of single-storey brick homes and recent estates to larger lifestyle blocks and hobby farms, so it suits families and buyers who want more space while keeping access to the city. Local shops, schools and community services are within reach, there are bus links to nearby train lines, and pockets of bushland and reserves give the area a green backdrop while the bayside and peninsula are easy options for weekend recreation.

Home to 8,088 people with a median age of 36 and a typical household income of $2,004 a week, Skye is a suburb of families, led by couple families with children (51.8%) and with most homes owner-occupied (82.2%). The area is included in state and council transport projects, has seen local recreation facilities upgraded and has a $7.8 million allocation listed for a primary school upgrade. Whether Skye suits you will come down to how much space you want and the kind of neighbourhood you prefer.

In Skye, buying a house sits well above local incomes recorded at the most recent Census. A median house price of $850,000 is about 8.2 times a typical local household's annual income at the last Census (weekly household income $2,004, annualised to $104,208).

Renting a house at about $650 a week would take roughly 32.4% of a typical local household's weekly income at the last Census, a sizeable share. On these figures, buying looks more stretched against local incomes than renting does, though whether that feels expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past year Skye saw solid gains in property values: median house values rose 8.0% while median unit values rose 8.8%. Those value movements point to capital growth over the year, with unit values increasing slightly more than house values. If rental income is your main concern, median house rents rose a modest 2.7% over the same period. Whether that mix of capital growth and rental movement fits your goals depends on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.