Investment property in Springvale South has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.72%
When looking at the potential capital gains offered to property investors over the last 3 years, Springvale South comes in at number 78th in VIC.
Our latest figures would indicate that property sellers in Springvale South are currently offering property investors an average price cut of -0.97% below the asking price at the moment.
Situated 23.93km from the CBD, Springvale South is one of Greater Dandenong localities in the postcode 3172.
If you compare the increase in value of investment property in Springvale South, 3172 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.61%.
Springvale South,3172 was ranked 1022 in Australia by increase in median property value over the quarter.
Vendor discounting in Springvale South is giving property investors an average Vendor Discount of around -4.13%. This puts suburb at number 203th in VIC when ranking the most discounted suburbs.