Property investors who have had real estate in Springvale, 3171 should be relatively pleased 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 11.36%
Over the longer term, Springvale has seen property prices show investors a 46.77% return over the last 3 years. This is worse than over the last 12 months
At number 614th 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.
Springvale, 3171’s gross rental yield is 2.63%
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 10.59%.
If we look at median property appreciation over just the last three months, Springvale has given property investors a paper return of 6.82%. This puts Suburb as 34 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 -2.81% below the asking price at the moment.
Property investors should expect to get $350 weekly from the median priced house in this suburb.