Over the last year, property investments in Sandringham, 3191 have given investors a capital gain of 20.33%. This compares very favourably with the 10.43% for VIC as a whole.
Over the longer term, Sandringham has seen property prices show investors a 44.44% return over the last 3 years. This is worse than over the last 12 months
Renters in Suburb are facing rents around $10080 per annum or $840 every week.
Over the last year, property investments in Sandringham, 3191 have given investors a capital gain of 20.34%. This compares very favourably with the 4.79% for VIC as a whole.
While Sandringham,3191 ranked number 10th in VIC for increase in median house value (annualised) increase, it is ranked 20th over the last 5 years.
Our latest figures would indicate that property sellers in Sandringham are currently offering property investors an average price cut of -6.94% below the asking price at the moment.
With the median price for a house in Sandringham being $716000 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 3.09%