If you compare the increase in value of investment property in Springvale, 3171 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.63%.
If we look at median property appreciation over just the last three months, Springvale has given property investors a paper return of 2.57%. This puts Suburb as 296 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Springvale should be aiming for at least -14.01% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $375 mark per week – giving a return of 2.79% based on the median price in Suburb
Giving property investors a an average capital gain of 4.76% for the last year, Springvale, 3171 is the 706th highest performer in Australia in this respect.
A 29.11% growth in median value for property investors in Springvale,3171 puts this suburb at number 209th in terms of best performing suburbs in VIC
Property buyers and investors in Springvale 3171 should be seeing an average reduction in asking price of around -4.26% . This means that Springvale is holding prices well when compared to other suburbs in VIC.
At number 711 in a list of fastest selling suburbs, Springvale is just in the top half of suburbs in Australia with an average of days on market 74.34 for properties listed there.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.02%, without taking into account capital value appreciation, which has been averaging out at 8.09%.