Sandringham, 3191 ranked 90th 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
Comparing Sandringham,3191 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Sandringham are currently offering property investors an average price cut of -1.04% below the asking price at the moment.
Advertised rents are around the $752 mark per week – giving a return of 2.51% based on the median price in Suburb
VIC has seen average median house prices change by 3.63% which means that Sandringham, 3191 has done well for property investors by showing a capital gain of 6.78% over the last year
While Sandringham,3191 ranked number 39th in VIC for increase in median house value (annualised) increase, it is ranked 126th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Sandringham itself are offering an average vendor discount of -6.43% to real estate investors.
On average over the past year, suburb has had 10.42 sales per month, which equates to 125 per year.
Advertised rents are around the $420 mark per week – giving a return of 3.47% based on the median price in Suburb