Insights

Over the weekend, the Herald Sun shone its spotlight on the suburb of Sandringham.

Amongst the insights were the suburb’s property profile. 62% of the properties in Sandringham are houses, whereas apartments and townhouses make up a far small proportion of the suburb, at 19% and 17% respectively.

The data also suggested the capital growth of properties in Sandringham over the next decade:

Sandringham is one of Melbourne’s most desirable Bayside suburbs; popular among families and older couples looking for laid back beachside living in good proximity to Melbourne’s CBD. Located just 16 kilometres southeast of the city, the area is bordered by Hampton, Highett, Cheltenham and Black Rock.

For those looking to invest in a Bayside suburb, Sandringham is definitely one to consider. With large blocks of land and a median house price of $1,160,000 – $1,180,000 for a house, the area has seen good year on year growth. However, the lifestyle the suburb sells means there is a high demand for property in the area so it pays to know what you are looking for and possibly consider properties that need some renovation as a more affordable way of gaining a foothold in the area.