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In order to alleviate financial pressure, owners who are unable to pay levies due to job loss or tenants not paying rent because of the ongo...
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Property investors have seen a 1.82% 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 $1,680,000
Profits averaged -1.29% 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 $885 based on current median home prices for the suburb.
The gross rental yield in SANDRINGHAM, 3191 is 2.74%.
An average of 6.5 real estate transactions take place per month in SANDRINGHAM which translates to 78 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,680,000 | $760,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.82% | 20.35% |
| Median 12 month | -6.67% | 26.14% |
| Median 3 years | -3.86% | 12.13% |
| Median 5 years | 33.33% | 29.25% |
| 10 years average annual | 5.51% | 5.04% |
| Weekly media advert. rent | $885 | $475 |
| Time on Market | 74.0 days | 84.5 days |
| Gross Rental Yield Percent | 2.74% | 3.25% |
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