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.