Sandringham (postcode 3191) is an established suburb in Victoria within the Bayside (Vic.) local government area. With a population of 10,926, the suburb has a mature demographic with a median age of 47. Households earn a median income of $120K per year, with an average household size of 2.4 people. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Sandringham stand at $2.1 million, having dipped slightly by 0.8% over the last twelve months. Units have a median price of $640,000 (-12.9% YoY). The current median weekly rent is $743. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,708.
Sandringham is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1134, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 42 bus stops. Healthcare facilities include 3 public hospitals. The crime rate in the Bayside (Vic.) LGA is moderate at 4,889 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.9%, which reads as low yield. Property prices are above the state median ($2.1M/$850K), placing it in the premium segment. The price-to-income ratio of 17.3x is considered stretched. House prices have moved -0.8% year-on-year.