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Sandringham, VIC 3191

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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 Sandringham, VIC 3191 located in Melbourne 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 “Sandringham, VIC 3191”

  1. The total adult population (15 years or older) of Sandringham 3191 VIC is 9,192, with a median age of 47. Of those, 50.58% are married, 12.48% are divorced or separated, 30.53% are single and 6.40% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $13,504. The median monthly mortgage repayment for households in this suburb is $2,708 which is 20.05% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of Victoria, the charming suburb of Sandringham, bearing postal code 3191, is home to an estimated count of 5479 households. As observed in the third quarter (Q3) of 2023, a spotlight falls on the property market landscape for houses in Sandringham, which reveals some intriguing insights.

    In terms of the essentials, the typical asking price for houses in this quaint suburb pitches itself at a lofty $2,059,383. On the flip side, the residents find their wallets somewhat lighter by an average weekly rent of $932. A quick number-crunching exercise indicates this translating into an indicative yield of a moderate 2.35%, slightly beneath the minimum threshold of 3% which temps the cashflow-centric property investors.

    Within the contours of the fundamental metrics, Sandringham presents an extremely promising picture. It boasts a high socio-economic score, clocking an impressive 1122 out of a possible total of 1217 under the IRSAD system, indicative of an affluent and prosperous community predominantly engaged in skilled professions. The renter to owner ratio stands at a welcoming 25%, suggesting a healthy housing market balance that isn’t overly saturated with rental properties. Adding further value is the comforting units to houses ratio resting at 44%, a softer reminder of less competition amongst landlords for potential tenants.

    However, the real estate scene seems to frown slightly at the affordability index for homes in the area, which ominously stands at 60 years – a far cry from the standard and much preferable 30-year mortgage cycle which most residents would be comfortable with.

    Turning our attention to the supply aspects, houses display a stock on market Percentage of 0.73%, which falls squarely within the neutral supply territory. Meanwhile, with an inventory level reaching 2.33 months, the market asserts its necessary elasticity to absorb new listings. Houses here also glimpse at a building approvals Ratio of 1.92%, narrowly drifting away from potential supply risk due to an increase in new housing stock.

    On the demand front, houses don’t seem to overstay their welcome on the market, with an average of just 22 days needed before they exchange hands. Complimenting this is the appreciably low vacancy rate amalgamating both houses and units, holding steady at 1.37%, hallmarks of high demand. The buy search index for houses further drives home this narrative, balancing out at a near-average value of 5, reflecting typical search intensity in the area compared to the state or city averages.

    Without a doubt, Sandringham’s housing market presents an appealing mix of key metrics. Despite a few areas of improvement, the property landscape showcases a robust balance of supply and demand dynamics, providing compelling investment prospects. As always, it’s worth keeping a keen eye on the evolving market trends and leveraging tools like the RCS (Relative Composite Score) by HtAG Analytics to inform your property investment decision-making.

    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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