Property investors have seen a 2.27% 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 $1,850,000
Profits averaged 16.8% per annum over a 3-year period, due to an upward trend in home prices in SANDRINGHAM, 3191.
This means, real estate investors could earn a rental income of $785 based on current median home prices for the suburb.
The gross rental yield in SANDRINGHAM, 3191 is 2.21%.
An average of 9 real estate transactions take place per month in SANDRINGHAM which translates to 108 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.63%||12.41%|
|Median 3 years||50.41%||34.18%|
|Median 5 years||71.85%||52.95%|
|10 years average annual||7.4%||2.7%|
|Weekly media advert. rent||$785||$430|
|Time on Market||45.2 days||91.4 days|
|Gross Rental Yield Percent||2.21%||3.03%|