Property market update: Melbourne, December 2018
After an unprecedented property boom, the Melbourne market started to soften in 2018—a trend further enhanced by the tightening of credit ...
Property investors have seen a 0.55% 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 $1,835,000
Profits averaged 15.9% 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 $780 based on current median home prices for the suburb.
The gross rental yield in SANDRINGHAM, 3191 is 2.21%.
An average of 9.92 real estate transactions take place per month in SANDRINGHAM which translates to 119 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,835,000 | $640,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.55% | -10.8% |
| Median 12 month | 0.82% | -14.04% |
| Median 3 years | 47.69% | 15.32% |
| Median 5 years | 68.35% | 23.08% |
| 10 years average annual | 6.32% | 2.69% |
| Weekly media advert. rent | $780 | $460 |
| Time on Market | 45.5 days | 93.7 days |
| Gross Rental Yield Percent | 2.21% | 3.74% |
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