Suburb Profile Report for Sandringham VIC (3191)

Sandringham House: Median price $1,780,500, Annual capital growth 6.03%, Number of sales 108, Weekly median advertised rent $780

Sandringham Unit: Median price $640,000, Annual capital growth 2.69%, Number of sales 90, Weekly median advertised rent $460

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

At number 3164th in the list of Australian suburbs ordered by increase in median house value over the last year, Sandringham, 3191 is in the BOTTOM 30% with a property value increase of -2.17% recorded in median house prices.

Comparing Sandringham,3191 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.19% offered to property buyers. Sellers in Sandringham itself are offering an average vendor discount of -5.63% to real estate investors.

In the last year 108 properties changed hands in Sandringham, which puts it as the 211th most active market in VIC when comparing the number of sales per suburb.

Sandringham, 3191’s gross rental yield is 2.28%

Sandringham, 3191 ranked 356th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sandringham is one of 2098 in our list for VIC

Sandringham,3191 was ranked 1590 in Australia by increase in median property value over the quarter.

Property buyers and investors in Sandringham 3191 should be seeing an average reduction in asking price of around -7.98% . This means that Sandringham is holding prices well when compared to other suburbs in VIC.

Situated 11.21km from the CBD, Sandringham is one of Bayside localities in the postcode 3191.

Metrics i HOUSE UNIT
$1,780,500 $640,000
-1.63% -10.80%
-2.17% -14.04%
6.03% 2.69%
$780 $460
108 90
2.28% 3.74%
47.64 88.68

Source: CoreLogic

DSR Score for property investment : Good (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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