Property investors who have had real estate in Springvale, 3171 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.58%
If we look at median property appreciation over just the last three months, Springvale has given property investors a paper return of 3.27%. This puts Suburb as 280 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Springvale are currently offering property investors an average price cut of -10.75% below the asking price at the moment.
Residents and property investors in Springvale have been waiting around 70.28 days to sell a property.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
With a capital gain of 4.76% for the last 12 months, Springvale, 3171 has performed for property investments than its average annual 8.17% property growth over the last 5 years.
A 27.54% growth in median value for property investors in Springvale,3171 puts this suburb at number 231th in terms of best performing suburbs in VIC
Vendor discounting in Springvale is giving property investors an average Vendor Discount of around -4.26%. This puts suburb at number 207th in VIC when ranking the most discounted suburbs.
The VIC suburb of Springvale, 3171 is in the Greater Dandenong local government area.