If you compare the increase in value of investment property in Springvale South, 3172 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.69%.
When looking at the potential capital gains offered to property investors over the last 3 years, Springvale South comes in at number 109th in VIC.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Springvale South itself are offering an average vendor discount of -3.25% to real estate investors.
Property investors should expect to get $390 weekly from the median priced house in this suburb.
With a capital gain of 10.00% for the last 12 months, Springvale South, 3172 has performed for property investments than its average annual 5.56% property growth over the last 5 years.
While Springvale South,3172 ranked number 147th in VIC for increase in median house value (annualised) increase, it is ranked 63th over the last 5 years.
Our latest figures would indicate that property sellers in Springvale South are currently offering property investors an average price cut of -4.40% below the asking price at the moment.
On average over the past year, suburb has had 3.58 sales per month, which equates to 43 per year.
Renters in Suburb are facing rents around $4140 per annum or $345 every week.