Suburb Profile Report for Springvale South VIC (3172)

Springvale South House: Median price $675,000, Annual capital growth 9.77%, Number of sales 90, Weekly median advertised rent $380

Springvale South Unit: Median price $410,000, Annual capital growth 6.24%, Number of sales 45, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Springvale South, 3172 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.07%

The five-year average increase in median property values for Springvale South,3172 has given property investors a potential capital gain of 64.63% across each of those five years.

Property buyers and investors in Springvale South 3172 should be seeing an average reduction in asking price of around -1.45% . This means that Springvale South is holding prices well when compared to other suburbs in VIC.

Investment property in Springvale South has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.74%

Over the longer term, Springvale South has seen property prices show investors a 22.39% 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 -4.13%. This puts suburb at number 192th in VIC when ranking the most discounted suburbs.

At number 383 in a list of fastest selling suburbs, Springvale South is in the TOP 30% of suburbs in Australia with an average of days on market 55.05 for properties listed there.

The VIC suburb of Springvale South, 3172 is in the Greater Dandenong local government area.

Metrics i HOUSE UNIT
$675,000 $410,000
3.05% 0.00%
13.07% 0.74%
9.77% 6.24%
$380 $325
90 45
2.93% 4.12%
60.72 55.05

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Springvale South VIC
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
Chart Table
Recent sales & rentals