Sandgate Buyer’s Agent’s Guide

Are you looking to purchase a home or investment property in Sandgate? As a Sandgate Buyer’s Agent, we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Sandgate property purchase!

Description

Sandgate is a bayside suburb located 19km North-East of the Brisbane CBD. Sandgate is bordered by the suburbs of Brighton, Bracken Ridge, Deagon and Shorncliffe.

Sandgate map

Demographics

The population of Sandgate in 2016 was around 4,893 and continues to grow. 60.9% of properties in Sandgate are owner occupied and consistent predominantly of professional couples (40-49 year olds) with children.

Shops, restaurants and entertainment

The main shopping, cafe and restaurant precinct can be found on Brighton Road and Rainbow Street – a short walk away from the train station.

Transport

There is a train station in Sandgate. It is approximately a 35 minute trip into the Brisbane CBD.

Schools

The area is home to a number of great private and public schools including Sacred Heart Primary School, St Patrick’s College, Sandgate State School and Sandgate District State High School.

Parks and Green spaces

Sandgate is located directly on Moreton Bay. While there is only a small patch of sandy beach, the parks along the waterfront are always busy, particularly on weekends.

Most houses in Sandgate are within walking distance to the waterfront.

Other large green areas in Sandgate include Curlew Park, Deagon Wetlands and Dowse Lagoon Reserve.

Housing type and typical block size

The vast majority (73%) of properties in Sandgate are free standing houses.

Sandgate is particularly well known for Queenslander houses. Some of the most beautiful Queenslanders are located along Flinders Parade and are overlooking the water.

Unfortunately, many properties located in streets closest to the water are subject to storm tide inundation. It is important to consult Council flood maps to check which streets and blocks are subject to flooding.

Flood map Sandgate

Typical block size in the area is 600m2.

What can my money buy in Sandgate?

The median house price in Sandgate is $695,000 which is above Brisbane’s median.

The median house price in Sandgate would typically buy a fully renovated 3 bedroom, 2 bathroom house on a small block. For example: 261 Brighton Road, Sandgate – sold for $680,000 in July 2019 (click to view listing and see images below).

Buying a home in Sandgate

The median unit price in Sandgate is: $418,000.

This amount would typically buy a fully renovated 2 bedroom, 1 bathroom, 1 garage unit in an older style complex. For example: 1/88 Eagle Terrace, Sandgate – sold for $420,000 in July 2019 (click to view listing and see images below).

Buying an investment property in Sandgate

How has the Sandgate property market been performing?

In the last 5 years the median house price has increased by 19.8%. Over the last 10 years, house prices have increased by 3.9% per annum.

Unit prices in Sandgate have declined by 7.1% in the past 5 years. On average, over the last 10 years unit prices have decreased by 0.4% per annum.

Supply and demand characteristics for Sandgate

  • Average Days on Market: Houses 71 days.  Units:  66 days.
  • On average houses are selling 4% below their list price. Units typically sell 1% below their list price.
  • Sandgate’s auction clearance rates are 69% for houses, and 0% for units.
  • The average rental yield for houses is 3.21%, compared to 3.06% for units.
  • There is a shortage of houses (1.65%) and units (1.83%) currently listed for sale.
  • The rental vacancy rate for houses is very low at 0.73% and 1.64% for units.

**Statistics are accurate for December 2019

Thinking about buying a property in Sandgate? Our Sandgate Buyer’s Agent is more than happy to have a chat. Please contact us.

For information about other Brisbane suburbs click here.