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%