Property value increases in Springvale South have tracked just higher than the VIC average of 7.80% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Springvale South has increased when compared to the 5 year average annual rate.
At number 476th of VIC’s most discounted properties, Springvale South is in the TOP 30% of the state/territory when listing in order of most discounted to least.
In the last year 106 properties changed hands in Springvale South, which puts it as the 246th most active market in VIC when comparing the number of sales per suburb.
Springvale South is 398th on a list of best yielding suburbs for rents in VIC with a 3.13% return
Over the last year, property investments in Springvale South, 3172 have given investors a capital gain of 1.76%. This compares averagely with the 3.63% for VIC as a whole.
Springvale South,3172 has offered an average of 1.76% return per annum in house price rises to property investors over the last three years.
Springvale South3172 is located in VIC which offers an average discount of -5.22% to property investors. Springvale South itself is showing figures that indicate -11.54% is the average achievable by property buyers investing in the suburb.
In the last year 43 properties changed hands in Springvale South, which puts it as the 208th most active market in VIC when comparing the number of sales per suburb.
Springvale South is 167th on a list of best yielding suburbs for rents in VIC with a 4.37% return