Suburb Profile Report for Sandringham VIC (3191)

Sandringham House: Median price $1,615,000, Annual capital growth 7.71%, Number of sales 111, Weekly median advertised rent $740

Sandringham Unit: Median price $660,000, Annual capital growth 3.70%, Number of sales 125, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report

Sandringham is in the TOP 30% in VIC when comparing median price capital growth over the last year. Sandringham gave property investors a good capital gain figure when compared to the rest of the state, with 13.33%.

The five-year average increase in median property values for Sandringham,3191 has given property investors a potential capital gain of 44.20% across each of those five years.

Property buyers and investors in Sandringham 3191 should be seeing an average reduction in asking price of around -1.04% . This means that Sandringham is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Sandringham the average time real estate has been on the market is 65.12 days.

Property investors should expect to get $740 weekly from the median priced house in this suburb.

Sandringham, 3191 ranked 45th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sandringham is one of 2098 in our list for VIC

Sandringham,3191 was ranked 132 in Australia by increase in median property value over the quarter.

Property buyers and investors in Sandringham 3191 should be seeing an average reduction in asking price of around -4.80% . This means that Sandringham is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 10.42 sales per month, which equates to 125 per year.

Situated 13.42km from the CBD, Sandringham is one of Bayside localities in the postcode 3191.

HOUSE UNIT
$1,615,000 $660,000
3.69% 8.64%
13.33% 13.60%
7.71% 3.70%
$740 $425
111 125
2.38% 3.35%
65.12 85.13

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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
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