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Sandringham Suburb Insights
VICLocation Information
Suburb Name
Sandringham, VIC
Distance from CBD
10.9 kmDemographics
Population
1,238
Median Income
$39,728
Area Information
Area
0.5 km²
Population Density
2476 people/km²
Property Market
Median Price
$1,113,416
Annual Growth
+8.2%Property Price Trend Analysis
Current Median Price
$1,113,416
Annual Growth
+8.2%
Quarterly Growth
+2%
Price Trends - Last 6 Months
2024-01
$423,974
+8.3%2024-02
$754,607
+6.5%2024-03
$1,120,721
+9.3%2024-04
$607,029
+8.8%2024-05
$482,045
+17.1%2024-06
$711,534
+11.4%Property Type Price Analysis
House
Median Price
$1,537,553
Growth Rate
+13.5%Available Listings
249 properties
Apartment
Median Price
$431,441
Growth Rate
+11%Available Listings
408 properties
Townhouse
Median Price
$680,893
Growth Rate
+12.2%Available Listings
183 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy