Investment property in Springvale has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.92%
Comparing Springvale,3171 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -6.73% to buyers in Springvale at the moment, which is less than average for the rest of VIC.
If you compare the increase in value of investment property in Springvale, 3171 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.49%.
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.
Sellers are offering property buyers an average discount of -5.72% to buyers in Springvale at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $3960 per annum or $330 every week.