Investment property in Sandringham has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.83%
If we look at median property appreciation over just the last three months, Sandringham has given property investors a paper return of 1.50%. This puts Suburb as 310 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Sandringham is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 615th in terms of most discounted suburbs in VIC
Sandringham is in the TOP 10% in VIC when comparing median price capital growth over the last year. Sandringham gave property investors a very good capital gain figure when compared to the rest of the state, with 16.30%.
Over the longer term, Sandringham has seen property prices show investors a 26.92% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Sandringham 3191 should be seeing an average reduction in asking price of around -6.80% . This means that Sandringham is holding prices well when compared to other suburbs in VIC.
In the last year 112 properties changed hands in Sandringham, which puts it as the 71th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 3.27%, investors should hope to achieve an overall return of 3.31%