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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.
| 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% |
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