Over the last year, property investments in Springvale, 3171 have given investors a capital gain of 10.44%. This compares favourably with the 8.06% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Springvale,3171 has racked up an average of 10.44% over the period. This ranks it number 355th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Springvale is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 398th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 10.21%, investors should hope to achieve an overall return of 2.80%
Giving property investors a a stable capital gain of 7.71% for the last year, Springvale, 3171 is the 503th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Springvale has given property investors a paper return of 2.33%. This puts Suburb as 97 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Springvale is $440000, with sellers offering an average of -5.08% off the asking price.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.