Springvale has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.14% to date .
Comparing Springvale,3171 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Springvale is offering property investors an average of -5.00. This rate of discount on properties puts Suburb at number 627th in terms of most discounted suburbs in VIC
A $380 per week rent on the median house gives suburb investors a gross yield of circa 2.60%, without taking into account capital value appreciation, which has been averaging out at 9.64%.
Investment property in Springvale has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.59%
Across a shorter period, Springvale, 3171 has seen a median price increase of -0.39% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Springvale itself are offering an average vendor discount of -5.36% to real estate investors.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 7.83%.