Suburb Profile Report for Sandringham VIC (3191)

Sandringham House: Median price $1,717,500, Annual capital growth 5.01%, Number of sales 86, Weekly median advertised rent $855

Sandringham Unit: Median price $680,000, Annual capital growth 3.62%, Number of sales 109, Weekly median advertised rent $485

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Sandringham, 3191 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -3.54%.

Over the longer term, Sandringham has seen property prices show investors a -3.81% return over the last 3 years. This is an improvement over the last 12 months

The most recent median price for Sandringham is $1717500, with sellers offering an average of -6.34% off the asking price.

Sandringham is 537th on a list of best yielding suburbs for rents in VIC with a 2.59% return

VIC has seen average median house prices change by 6.11% which means that Sandringham, 3191 has done well for property investors by showing a capital gain of 13.33% over the last year

While Sandringham,3191 ranked number 348th in VIC for increase in median house value (annualised) increase, it is ranked 254th 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 -7.37% below the asking price at the moment.

Often selling an investment property can take time, and in Sandringham the average time real estate has been on the market is 86.9552 days.

The VIC suburb of Sandringham, 3191 is in the Bayside (C) local government area.

Metrics i HOUSE UNIT
$1,717,500 $680,000
2.23% -4.90%
-3.54% 13.33%
5.01% 3.62%
$855 $485
86 109
2.59% 3.71%
70.8235294117647 86.955223880597

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (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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