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Sandy Point, VIC 3959

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Sandy Point, VIC 3959 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Sandy Point, VIC 3959”

  1. The total adult population (15 years or older) of Sandy Point 3959 VIC is 282, with a median age of 58. Of those, 51.06% are married, 16.31% are divorced or separated, 25.18% are single and 4.61% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,072. The median monthly mortgage repayment for households in this suburb is $1,517 which is 24.98% of their earnings.

    Source: ABS Census Data (2021)

  2. The picturesque suburb of Sandy Point, with the postcode 3959, finds its home nestled within the state of Victoria. Housing a snug community of around 832 households, it presents a relatively intimate neighbourhood environment.

    As we pivot to Q3 of 2023, the typical property prices for houses in Sandy Point sit at an alluring average of $899,943, while the median weekly rent hovers a touch above at $300. Such parameters subsequently yield an indicative yield worth 1.73%, ostensibly less enticing for investors exclusively pursuing cash-flow.

    Delving deeper into the suburb’s metrics, there’s an IRSAD score of 1018 out of a possible 1217 to consider, showcasing a comfortably prosperous population residing within the area. Adding sweetness to the deal for property investors, only 5% of properties are rented, underlining a flourishing owner-occupier market which tends to boost long-term capital growth prospects. The composition of the property types amplifies this sentiment as the units stand for a scarce 1% of properties, giving prominence to the predominance of houses.

    However, a strong allure comes with its pitfall, herein being the lofty affordability index for houses at 58 years, signalling a market generally accessible to high-income earners, but could potentially stifle investor activity.

    On the supply side, a low stock on market Percentage at 0.12% coupled with an inventory level of a mere 1.5 months strongly indicates a stringent supply which is generally a boon for property sellers and investors seeking capital growth. Interestingly though, the Building Approval Ratio for houses reads 0.0% which points towards even further limited future supply, potentially amplifying price growth due to supply scarcity.

    Investor attention is further warranted given the energetic market activity manifested through a brief average days on market for houses of 31. Vacancy rates, an amalgamation of houses and units statistics, maintain a modest 3.0%, indicating a relatively balanced market and potentially stable rental income.

    Last but not least, the Buy Search Index, a gauge of relative demand, scores a healthy 6 for houses, exemplifying noteworthy buyer interest in the area.

    In conclusion, whilst Sandy Point offers an enticing property market for its respected prices and favourable supply and demand indicators, it is vital to remain cognisant of the higher than average Affordability Index. This underpins the importance of utilising comprehensive metrics such as the Relative Composite Score (RCS) to effectively automatise property market research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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