Property value increases in Sandringham have tracked just lower than the VIC average of 3.76% over the last 12 months.
Sandringham,3191 was ranked 3685 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.61% offered to property buyers. Sellers in Sandringham itself are offering an average vendor discount of -5.75% to real estate investors.
A $820 per week rent on the median house gives suburb investors a gross yield of circa 2.36%, without taking into account capital value appreciation, which has been averaging out at 6.08%.
Sandringham has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -18.20% to date .
Taking the average capital gain, or increase in median house value, Sandringham,3191 has racked up an average of -18.20% over the period. This ranks it number 830th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Sandringham 3191 should be seeing an average reduction in asking price of around -5.43% . This means that Sandringham is holding prices well when compared to other suburbs in VIC.
In the last year 87 properties changed hands in Sandringham, which puts it as the 68th most active market in VIC when comparing the number of sales per suburb.