With a capital gain of 9.87% for the last 12 months, Springvale South, 3172 has performed for property investments than its average annual 8.46% property growth over the last 5 years.
Springvale South,3172 has offered an average of 9.87% return per annum in house price rises to property investors over the last three years.
At number 538th of VIC’s most discounted properties, Springvale South is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $390 mark per week – giving a return of 2.72% based on the median price in Suburb
If you compare the increase in value of investment property in Springvale South, 3172 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 24.02%.
Across a shorter period, Springvale South, 3172 has seen a median price increase of 3.25% over the last quarter.
Our latest figures would indicate that property sellers in Springvale South are currently offering property investors an average price cut of -4.96% below the asking price at the moment.
Springvale South is 237th on a list of best yielding suburbs for rents in VIC with a 3.58% return
24km from the Melbourne CBD, the suburb of Springvale South has seen steadfast growth since 2013, and shows no signs of letting up any time soonFull summary
Information supplied by:
Numbers go up
Median unit price: $500,000
Three-year growth: 44.7%
Rental yield: 3.6%
24km from the Melbourne CBD, the suburb of Springvale South has seen steadfast growth since 2013, and shows no signs of letting up any time soon.
In the three months to June 2018, unit values spiked by 10.4%, bringing the median price to $500,000 at an average annual growth rate of 6.1%. There is high demand for apartments in this area, as evidenced by how those on the market are snapped up in less than a month on average.
Springvale South is part of the LGA of the City of Greater Dandenong, and is the location of Springvale South Primary School, Spring Parks Primary School, Heatherhill Primary School and Keysborough Secondary College. Springvale South is the immediate neighbour of Springville in the south, and is a food-lover’s dream, given the many available dining options in the area.Close