Property value increases in Sandringham have tracked lower than the VIC average of 11.11% over the last 12 months.
The five-year average increase in median property values for Sandringham,3191 has given property investors a potential capital gain of 62.39% across each of those five years.
Property buyers and investors in Sandringham 3191 should be seeing an average reduction in asking price of around -6.93% . This means that Sandringham is holding prices well when compared to other suburbs in VIC.
Situated 15.82km from the CBD, Sandringham is one of Bayside localities in the postcode 3191.
Sandringham has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.65% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Sandringham comes in at number 68th in VIC.
LACK OF BUYER INTEREST may well be the reason that Sandringham is offering property investors an average of -4.67. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in VIC
Sandringham, 3191’s gross rental yield is 3.17%