Suburb Profile Report for Sandringham VIC (3191)

Sandringham House: Median price $1,630,000, Annual capital growth 7.61%, Number of sales 107, Weekly median advertised rent $751

Sandringham Unit: Median price $656,500, Annual capital growth 3.49%, Number of sales 119, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$1,630,000 $656,500
4.00% 5.04%
12.80% 10.63%
7.61% 3.49%
$751 $425
107 119
2.40% 3.37%
65.48 86.25

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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Recent sales & rentals