At number 832th in the list of Australian suburbs ordered by increase in median house value over the last year, Springvale South, 3172 is in the top 20% with a property value increase of 12.37% recorded in median house prices.
Over the longer term, Springvale South has seen property prices show investors a 48.95% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Springvale South are currently offering property investors an average price cut of -3.77% below the asking price at the moment.
Residents and property investors in Springvale South have been waiting around 85.89 days to sell a property.
With the median price for a house in Springvale South being $640500 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.00%
Giving property investors a an average capital gain of 3.52% for the last year, Springvale South, 3172 is the 802th highest performer in Australia in this respect.
Springvale South,3172 was ranked 699 in Australia by increase in median property value over the quarter.
The most recent median price for Springvale South is $412000, with sellers offering an average of -6.88% off the asking price.
On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.
Advertised rents are around the $325 mark per week – giving a return of 4.10% based on the median price in Suburb