sandringham

3191, Victoria

Real Estate & Property Information

Median
Price Rank
23

sandringham Suburb Profile & Review

Once a fishing town known as 'Gypsy Village', modern Sandringham retains both its village charm and its scenic beauty, and is now known as one of Melbourne's most prestigious suburbs. Its long stretches of beach are offset by rocky clifftops, while parks and gardens overlook the boating clubs of Picnic Point. Sandringham Village is the main shopping district and boasts quaint gourmet eateries, restaurants and bars.

Football is a popular pastime in the area, and games are played at the Trevor Barker Beach Oval. The Sandringham Yacht Club is one of Melbourne's foremost sailing clubs, and its impressive marina can be admired from the dining room of the Harbour View Restaurant.

The Mornington Peninsula is less than an hour's drive along the Nepean Highway, while the city can be reached in half an hour. Train services run from Sandringham Station to Flinders Street, and various bus routes will also whisk you to surrounding beachside suburbs such as Hampton, Black Rock and Brighton.

sandringham Demographic Data

$ 1,207,500 Median House Price

32 Minutes Average Commute

42 Median Age

9,309 Population

52.57 % Female

47.43 % Male

2415 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in sandringham, Victoria.

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sandringham Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

sandringham Median House Prices

  • 2008 $ 912,500
  • 2009 $ 1,005,000
  • 2010 $ 1,032,500
  • 2011 $ 1,180,000
  • 2012 $ 1,207,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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sandringham 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in sandringham have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term sandringham property price predictions.

sandringham Market Property Types

  • 63 % Seperate House
  • 17 % Semi Detached
  • 20 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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sandringham Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

sandringham Income & Mortgage Stats

  • $ 1,836 Median Weekly Household Income
  • $ 2,500 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in sandringham

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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sandringham Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

sandringham Sold Property Prices

sandringham Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

sandringham Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

sandringham Restaurants

  • Win Ho Restaurant and Takeaway89 Station St sandringham VIC 319103 9598 7779
  • Theos Greek Tavern66 Station St sandringham VIC 319103 9598 2223
  • The Hobson Stores19-21 Melrose Stsandringham VIC 319103 9521 0370

sandringham Cafes

  • Espresso Ground12 Bay Rdsandringham VIC 319104 1900 3527
  • Ground 1414 Bay Rdsandringham VIC 319103 9598 6696
  • Cool Delight on Bay25 Bay Rdsandringham VIC 319103 9598 6674

sandringham Schools

  • Sacred Heart Primary School11 Fernhill RoadÊsandringham VIC 3191(03) 9598 9322Catholic Primary School
  • Firbank Grammar School Sandringham House45 Royal Avenuesandringham VIC 3191(03) 9533 5711Private School
  • Sandringham Primary SchoolBamfield Streetsandringham VIC 3191(03) 9598 1488State Primary School

sandringham Childcare

  • Bayside Childrens Centre11 Sandringham Roadsandringham VIC 3191
  • Kids Company139 Bay Roadsandringham VIC 3191
  • Sandringham Playhouse3 Beaumont Streetsandringham VIC 3191

sandringham Kindergarten and Preschools

  • Firbank Grammar School45 Royal Avenuesandringham VIC 3191
  • Grange Road Kindergarten66 Grange Roadsandringham VIC 3191
  • Nagle Kindergarten59-61 Sandringham Rdsandringham VIC 3191

sandringham Sporting Centres and Clubs

  • Sandringham92 Beach Rdsandringham VIC 3191Squash Court
  • Sandringham Yacht Clubsandringham VIC 3191Boating Club
  • Sandringham Clubsandringham VIC 3191Bowling Club

sandringham Retirement Villages

  • The George Retirement Villagesandringham VIC 3191

Find out How Much your House is Worth in sandringham

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