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Sandringham, VIC 3191
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,965,000
list-price estimate
Median Unit
$710,000
market range $650K-$825K
Gross Yield (houses)
2.7%
1yr Growth (houses)
-2.1%
market range -7.5% to +5.0%
Investment snapshot for Sandringham
Sandringham has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Sandringham market and investor summary
In Sandringham, VIC 3191, houses show a gross rental yield of 2.7%. House prices have moved -2.1% over the past year and +14.3% over three years. At 0.9% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.7% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking.
Living in Sandringham: people, income and schools
Sandringham is home to around 10,926 people, a number that has held fairly steady over five years. The median age is 47, skewed a little older, and 72% of homes are owner-occupied.
Households here earn a median of about $120,000 a year, or roughly $2,310 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index).
There are 42 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 16 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 68 for walkability and 96 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 10,926
- +1% over 5yr
- Median age
- 47 years
- Median household income
- $120,000/yr
- Households renting
- 25%
- Family households
- 68%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 42
- avg ICSEA 1151
- Unemployment
- 3.3%
- Distance to CBD
- 16 km
- Walk score
- 68/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Sandringham
View all →Frequently asked questions about Sandringham
What should I check before investing in Sandringham?
Sandringham has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Tight rental market (0.9% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Sandringham?
The median property price in Sandringham, VIC 3191 is $710K for units.
What rental yield does Sandringham show?
The gross rental yield in Sandringham is 2.7% for houses and 4.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Sandringham?
House prices in Sandringham are down 2.1% over the past year and up 14.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Sandringham?
The current vacancy rate in Sandringham is 0.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Sandringham?
Sandringham has a population of approximately 10,926 residents, with a median age of 47.
What schools are near Sandringham?
There are 42 schools within roughly 5km of Sandringham. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Sandringham's population growing?
The population of Sandringham has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Sandringham from the CBD?
Sandringham is about 16 km from the CBD.
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