Over the last year, property investments in Sandringham, 3191 have given investors a capital gain of 12.80%. This compares favourably with the 8.06% for VIC as a whole.
Across a shorter period, Sandringham, 3191 has seen a median price increase of 4.00% over the last quarter.
Property investors looking for a bargain in Sandringham should be aiming for at least -2.08% off the asking price, which is the average vendor discount being achieved at the moment.
Sandringham is in the TOP 20% 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 10.63%.
Taking the average capital gain, or increase in median house value, Sandringham,3191 has racked up an average of 10.63% over the period. This ranks it number 801th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Sandringham should be aiming for at least -5.30% off the asking price, which is the average vendor discount being achieved at the moment.
At number 894 in a list of fastest selling suburbs, Sandringham is in the bottom 40% of suburbs in Australia with an average of days on market 86.25 for properties listed there.
Sandringham, 3191’s gross rental yield is 3.37%