Suburb Profile Report for Sandringham VIC (3191)

Sandringham House: Median price $1,776,000, Annual capital growth 7.97%, Number of sales 115, Weekly median advertised rent $820

Sandringham Unit: Median price $716,000, Annual capital growth 4.44%, Number of sales 122, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 944th in the list of Australian suburbs ordered by increase in median house value over the last year, Sandringham, 3191 is in the top 30% with a property value increase of 14.58% recorded in median house prices.

While Sandringham,3191 ranked number 607th in VIC for increase in median house value (annualised) increase, it is ranked 127th over the last 5 years.

Property investors looking for a bargain in Sandringham should be aiming for at least 0.00% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $820 mark per week – giving a return of 2.40% based on the median price in Suburb

At number 178th in the list of Australian suburbs ordered by increase in median house value over the last year, Sandringham, 3191 is in the top 20% with a property value increase of 19.88% recorded in median house prices.

A 49.95% growth in median value for property investors in Sandringham,3191 puts this suburb at number 138th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Sandringham is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 62th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 4.44%, investors should hope to achieve an overall return of 3.05%

Metrics i HOUSE UNIT
$1,776,000 $716,000
-1.39% 2.65%
14.58% 19.88%
7.97% 4.44%
$820 $420
115 122
2.40% 3.05%
48.61 79.46

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 9309
Median household income ($/weekly) 1836
Median age of persons 42
Median housing loan repayment ($/monthly) 2500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1256 13.5
    35-44 years 1436 15.4
    45-54 years 1398 15.0
    55-64 years 1162 12.5
    65-74 years 731 7.9
    Others 3326 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 3536 54.0
    Not Married 2477 37.8
    Defacto Relationship 535 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6716 75.0
    Papua New Guinea 217 2.4
    United Kingdom 895 10.0
    United States of America 90 1.0
    Other 301 3.4
    Others 736 8.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 74 0.9
    Christianity 5645 65.8
    Islam 37 0.4
    Judaism 75 0.9
    No Religion 2695 31.4
    Others 50 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 253 8.3
    $1,500-$1,999 317 10.4
    $2,500-$2,999 468 15.3
    $3,000-$3,499 286 9.4
    $4,000 or more 308 10.1
    Others 1417 46.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2685 37.5
    Not in the labour force 2569 35.9
    Employed, worked part-time 1489 20.8
    Employed, away from work 241 3.4
    Unemployed, looking for work 173 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 960 21.7
    Professionals 1508 34.1
    Community & personal service workers 324 7.3
    Clerical & administrative workers 609 13.8
    Sales 404 9.1
    Others 612 13.9
    Occupation
    Census Count Percent(%)
    Pre-school 226 9.8
    Infants/Primary 855 37.0
    Secondary 633 27.4
    Technical or Further Educational Institution 114 4.9
    University or other Tertiary Institutions 439 19.0
    Others 45 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6201 73.2
    Semi-detached, row or terrace house, townhouse 1256 14.8
    Flat, unit or apartment 1007 11.9
    House or flat attached to a shop, office 9 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1451 43.5
    Being purchased 1094 32.8
    Rented 757 22.7
    Other tenure type 35 1.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals