Investment property in Springvale South 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 16.13%
If we look at median property appreciation over just the last three months, Springvale South has given property investors a paper return of 4.65%. This puts Suburb as 199 on a list of fastest fasting appreciating suburbs in VIC
Springvale South, 3172 is offering VIC ‘s 611th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
At number 1530 in a list of fastest selling suburbs, Springvale South is just in the top half of suburbs in Australia with an average of days on market 65.21 for properties listed there.
Springvale South is 389th on a list of best yielding suburbs for rents in VIC with a 2.82% return
At number 610th in the list of Australian suburbs ordered by increase in median house value over the last year, Springvale South, 3172 is in the top 40% with a property value increase of 7.96% recorded in median house prices.
Over the longer term, Springvale South has seen property prices show investors a 31.64% return over the last 3 years. This is worse than over the last 12 months
At number 126th of VIC’s most discounted properties, Springvale South is in the middle of the state/territory when listing in order of most discounted to least.
Situated 23.45km from the CBD, Springvale South is one of Greater Dandenong localities in the postcode 3172.