Giving property investors a an average capital gain of 4.45% for the last year, Springvale, 3171 is the 2003th highest performer in Australia in this respect.
Springvale,3171 was ranked 2729 in Australia by increase in median property value over the quarter.
Property buyers and investors in Springvale 3171 should be seeing an average reduction in asking price of around -6.03% . This means that Springvale is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 8.44%, investors should hope to achieve an overall return of 2.59%
Investment property in Springvale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.87%
The five-year average increase in median property values for Springvale,3171 has given property investors a potential capital gain of 48.57% across each of those five years.
Springvale, 3171 is offering VIC ‘s 10th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.
In the last year 116 properties changed hands in Springvale, which puts it as the 67th most active market in VIC when comparing the number of sales per suburb.
Springvale, 3171’s gross rental yield is 3.65%