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 11.48%
If we look at median property appreciation over just the last three months, Springvale has given property investors a paper return of 0.00%. This puts Suburb as 497 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Springvale itself are offering an average vendor discount of -5.25% to real estate investors.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 2.83%, without taking into account capital value appreciation, which has been averaging out at 10.23%.
Giving property investors a an average capital gain of 4.24% for the last year, Springvale, 3171 is the 752th highest performer in Australia in this respect.
While Springvale,3171 ranked number 192th in VIC for increase in median house value (annualised) increase, it is ranked 75th over the last 5 years.
Property buyers and investors in Springvale 3171 should be seeing an average reduction in asking price of around -5.29% . This means that Springvale is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Springvale have been waiting around 94.9 days to sell a property.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.