Property value increases in Springvale South have tracked just higher than the VIC average of 8.96% over the last 12 months.
Comparing Springvale South,3172 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Springvale South 3172 should be seeing an average reduction in asking price of around -3.77% . This means that Springvale South is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Springvale South the average time real estate has been on the market is 78.17 days.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
Springvale South is in the bottom 30% in VIC when comparing median price capital growth over the last year. Springvale South gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.06%.
Over the longer term, Springvale South has seen property prices show investors a 24.34% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Springvale South is giving property investors an average Vendor Discount of around -6.88%. This puts suburb at number 42th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Springvale South the average time real estate has been on the market is 80.03 days.