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 16.21%.
If we look at median property appreciation over just the last three months, Sandringham has given property investors a paper return of 5.17%. This puts Suburb as 121 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Sandringham 3191 should be seeing an average reduction in asking price of around -2.08% . This means that Sandringham is holding prices well when compared to other suburbs in VIC.
At number 405th in the list of Australian suburbs ordered by increase in median house value over the last year, Sandringham, 3191 is in the top 30% with a property value increase of 9.75% recorded in median house prices.
A 30.60% growth in median value for property investors in Sandringham,3191 puts this suburb at number 109th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Sandringham should be aiming for at least -4.87% off the asking price, which is the average vendor discount being achieved at the moment.
The VIC suburb of Sandringham, 3191 is in the Bayside local government area.