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Property investors enjoyed capital gains of 3.26% over the last 12 months in SPRINGVALE, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 8.24% growth over a ten-year period. It ranks 420th on our list of suburbs that property investors should look into.
SPRINGVALE, 3171 has a capital gain of 3.26% for the past year, which is lower than average compared to its 72.53% growth within a five-year period.
With the median home price in SPRINGVALE sitting at $760,000, and the average rent at $380, property owners could potentially earn a 2.6% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SPRINGVALE are low, as opposed to average gains per annum over the past five years.
SPRINGVALE, 3171 in VIC belongs to the local government area of Greater Dandenong.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.26%||5.48%|
|Median 3 years||35.47%||13.54%|
|Median 5 years||72.53%||48.57%|
|10 years average annual||8.24%||7.17%|
|Weekly media advert. rent||$380||$362.5|
|Time on Market||44.0 days||73.4 days|
|Gross Rental Yield Percent||2.6%||3.63%|
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