If you compare the increase in value of investment property in Springvale, 3171 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.74%.
Springvale,3171 was ranked 814 in Australia by increase in median property value over the quarter.
At number 611th of VIC’s most discounted properties, Springvale is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Property value increases in Springvale have tracked close to the VIC average of 4.79% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Springvale has increased when compared to the 5 year average annual rate.
Springvale3171 is located in VIC which offers an average discount of -4.87% to property investors. Springvale itself is showing figures that indicate -3.52% is the average achievable by property buyers investing in the suburb.