Sandringham

POSTAL CODE: VIC, 3191
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Property investors have seen a 1.18% gain in SANDRINGHAM based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains SANDRINGHAM, 3191 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,150,000

Profits averaged -2.67% per annum over a 3-year period, due to an downward trend in home prices in SANDRINGHAM, 3191.

This means, real estate investors could earn a rental income of $970 based on current median home prices for the suburb.

The gross rental yield in SANDRINGHAM, 3191 is 2.35%.

An average of 7.83 real estate transactions take place per month in SANDRINGHAM which translates to 94 per annum.

Surburb overview

Sandringham is a bayside suburb in Melbourne’s south-east, located about 16 kilometres from the Melbourne central business district.

The suburb sits within the City of Bayside and is bordered by Hampton to the north, Highett and Cheltenham to the east, Black Rock to the south and Port Phillip Bay to the west.

Sandringham includes residential neighbourhoods, a defined village centre and extensive coastal frontage.

Census data indicates Sandringham has a moderate population with a demographic profile that includes families, professionals and a higher proportion of older residents.

The median age is above the Melbourne average, reflecting long-term owner-occupiers alongside newer households.

Housing is predominantly detached dwellings, with townhouses and low-rise apartments more common near the village centre and along transport corridors.

Public transport access is a key feature of the suburb. Sandringham railway station is the terminus of the Sandringham line, providing direct services to Flinders Street Station with typical travel times of around 30 minutes.

Bus routes operate along Beach Road and surrounding arterial roads, connecting Sandringham with neighbouring suburbs and activity centres.

Local amenities are concentrated around Sandringham Village, near the railway station. The centre includes supermarkets, cafés, specialty retailers, medical services and professional offices.

Additional shopping and services are available in nearby Hampton, Highett and Cheltenham, including Southland Shopping Centre.

Educational facilities include local primary schools, with secondary schools located in surrounding suburbs.

Recreational assets are strongly linked to Sandringham’s coastal setting. Sandringham Beach, Half Moon Bay and the Bay Trail support swimming, walking and cycling.

Foreshore reserves, playgrounds and yacht clubs provide facilities for organised sport and community activities, while nearby parks and golf courses add to local recreational options.

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