Suburb Profile Report for Sandringham VIC (3191)

Sandringham House: Median price $1,700,000, Annual capital growth 6.35%, Number of sales 85, Weekly median advertised rent $825

Sandringham Unit: Median price $572,550, Annual capital growth 2.26%, Number of sales 78, Weekly median advertised rent $450

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

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of -8.11% for the last 12 months, Sandringham, 3191 has performed for property investments than its average annual 6.35% property growth over the last 5 years.

Across a shorter period, Sandringham, 3191 has seen a median price increase of -1.16% over the last quarter.

Vendor discounting in Sandringham is giving property investors an average Vendor Discount of around -8.41%. This puts suburb at number 95th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.

Property investors should expect to get $825 weekly from the median priced house in this suburb.

Property investors who have had real estate in Sandringham, 3191 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -9.83%

If we look at median property appreciation over just the last three months, Sandringham has given property investors a paper return of -4.58%. This puts Suburb as 280 on a list of fastest fasting appreciating suburbs in VIC

Sandringham3191 is located in VIC which offers an average discount of -6.08% to property investors. Sandringham itself is showing figures that indicate -5.46% is the average achievable by property buyers investing in the suburb.

Situated 16.23km from the CBD, Sandringham is one of Bayside (C) localities in the postcode 3191.

Metrics i HOUSE UNIT
$1,700,000 $572,550
-1.16% -4.58%
-8.11% -9.83%
6.35% 2.26%
$825 $450
85 78
2.52% 4.09%
76.1363636363636 96.1090909090909

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. 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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