Sandringham is a well-established suburb in Victoria within the Bayside (Vic.) local government area (postcode 3191). 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Sandringham is $2.1 million, having dipped slightly 0.8% over the past year. Units have a median price of $735,000 (-12% YoY). The current median weekly rent is $688. This gives a gross rental yield of approximately 1.7%. 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 5,194 incidents per 100,000 population.
From an investment perspective, Sandringham offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.1M/$875K), 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.
Sandringham is a well-established suburb in Victoria within the Bayside (Vic.) local government area (postcode 3191). 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Sandringham is $2.1 million, having dipped slightly 0.8% over the past year. Units have a median price of $735,000 (-12% YoY). The current median weekly rent is $688. This gives a gross rental yield of approximately 1.7%. 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 5,194 incidents per 100,000 population.
From an investment perspective, Sandringham offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.1M/$875K), 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.