Property value increases in Sandringham have tracked lower than the VIC average of -1.79% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sandringham has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Sandringham are currently offering property investors an average price cut of -8.30% below the asking price at the moment.
Residents and property investors in Sandringham have been waiting around 82.575 days to sell a property.
Sandringham is 518th on a list of best yielding suburbs for rents in VIC with a 2.75% return
Sandringham, 3191 ranked 93th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sandringham is one of 2099 in our list for VIC
The five-year average increase in median property values for Sandringham,3191 has given property investors a potential capital gain of 11.63% across each of those five years.
Sellers are offering property buyers an average discount of -5.80% to buyers in Sandringham at the moment, which is less than average for the rest of VIC.
The VIC suburb of Sandringham, 3191 is in the Bayside (C) local government area.