Suburb Profile Report for Springvale South VIC (3172)

Springvale South House: Median price $705,000, Annual capital growth 10.18%, Number of sales 89, Weekly median advertised rent $390

Springvale South Unit: Median price $410,000, Annual capital growth 6.24%, Number of sales 48, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$705,000 $410,000
5.70% -1.20%
16.24% 0.99%
10.18% 6.24%
$390 $320
89 48
2.88% 4.06%
60.25 40.37

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 12183
Median household income ($/weekly) 998
Median age of persons 34
Median housing loan repayment ($/monthly) 1517
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1555 12.8
    25-34 years 1918 15.7
    35-44 years 1638 13.4
    45-54 years 1616 13.3
    55-64 years 1353 11.1
    Others 4103 33.7
    Age Group
    Census Count Percent(%)
    Not Married 4445 48.1
    Registered Married 4403 47.6
    Defacto Relationship 402 4.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4664 40.5
    Canada 1429 12.4
    Indonesia 496 4.3
    Viet Nam 2228 19.4
    Other 770 6.7
    Others 1916 16.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 4275 37.9
    Christianity 4543 40.3
    Islam 351 3.1
    Other Religious Groups 344 3.0
    No Religion 1579 14.0
    Others 188 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 404 12.2
    $600-$799 400 12.0
    $800-$999 368 11.1
    $1,000-$1,249 373 11.2
    $1,500-$1,999 421 12.7
    Others 1355 40.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3877 41.6
    Employed, worked full-time 3150 33.8
    Employed, worked part-time 1450 15.6
    Unemployed, looking for work 494 5.3
    Employed, away from work 350 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 538 10.9
    Technicians & trades workers 756 15.3
    Clerical & administrative workers 582 11.8
    Machinery operators & drivers 723 14.6
    Labourers 986 19.9
    Others 1365 27.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 883 29.5
    Secondary 937 31.3
    Technical or Further Educational Institution 294 9.8
    University or other Tertiary Institutions 536 17.9
    Other type of educational institution 179 6.0
    Others 162 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9814 84.2
    Semi-detached, row or terrace house, townhouse 906 7.8
    Flat, unit or apartment 876 7.5
    Caravan, cabin, houseboat 53 0.5
    House or flat attached to a shop, office 12 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1403 39.2
    Being purchased 1265 35.3
    Rented 890 24.8
    Other tenure type 25 0.7
    Tenure Type
Census 2011, ABS
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