Over the last year, property investments in Springvale South, 3172 have given investors a capital gain of 16.24%. This compares favourably with the 11.41% for VIC as a whole.
While Springvale South,3172 ranked number 112th in VIC for increase in median house value (annualised) increase, it is ranked 97th over the last 5 years.
Property buyers and investors in Springvale South 3172 should be seeing an average reduction in asking price of around -2.70% . This means that Springvale South is holding prices well when compared to other suburbs in VIC.
Property investors should expect to get $390 weekly from the median priced house in this suburb.
Over the last year, property investments in Springvale South, 3172 have given investors a capital gain of 0.99%. This compares badly with the 5.66% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Springvale South comes in at number 129th in VIC.
Sellers are offering property buyers an average discount of -3.42% to buyers in Springvale South at the moment, which is less than average for the rest of VIC.
In the last year 48 properties changed hands in Springvale South, which puts it as the 183th most active market in VIC when comparing the number of sales per suburb.
Situated 23.48km from the CBD, Springvale South is one of Greater Dandenong localities in the postcode 3172.