If you compare the increase in value of investment property in Sandringham, 3191 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 17.37%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sandringham has increased when compared to the 5 year average annual rate.
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.
Advertised rents are around the $760 mark per week – giving a return of 2.60% based on the median price in Suburb
Giving property investors a a stable capital gain of 7.56% for the last year, Sandringham, 3191 is the 558th highest performer in Australia in this respect.
The five-year average increase in median property values for Sandringham,3191 has given property investors a potential capital gain of 11.30% across each of those five years.
Property investors looking for a bargain in Sandringham should be aiming for at least -4.34% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 9.33 sales per month, which equates to 112 per year.
Sandringham, 3191’s gross rental yield is 3.41%