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AREA REPORTS

Sandringham

Suburb Profile

Sandringham - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3191

house
unit

Property investors have seen a -6.47% drop in SANDRINGHAM based on a decrease 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 $1,590,000

Profits averaged 0.42% 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 $872.5 based on current median home prices for the suburb.

The gross rental yield in SANDRINGHAM, 3191 is 2.85%.

An average of 6.42 real estate transactions take place per month in SANDRINGHAM which translates to 77 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,590,000 $651,000
GROWTH REPORT
Median Quarterly -6.47% 8.5%
Median 12 month -15.31% 4.49%
Median 3 years 1.26% 0.15%
Median 5 years 23.26% 11.28%
10 years average annual 5.75% 3.7%
Weekly media advert. rent $872.5 $480
Time on Market 79.2 days 91.3 days
Gross Rental Yield Percent 2.85% 3.83%
demographics (median values)
Total Population
8693
Weekly Household Income
1446
Household Size
2.50
demographics
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