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.