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Springvale
AREA REPORTS

Springvale

Springvale - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3171

house
unit

Property investors enjoyed capital gains of 9.9% 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 6.62% growth over a ten-year period. It ranks 1640th on our list of suburbs that property investors should look into.

SPRINGVALE, 3171 has a capital gain of 9.9% for the past year, which is higher than average compared to its 26.25% growth within a five-year period.

With the median home price in SPRINGVALE sitting at $855,000, and the average rent at $390, property owners could potentially earn a 2.37% 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 (C).

Data report can be found below

Springvale
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $855,000 $627,250
GROWTH REPORT
Median Quarterly 0.59% 1.91%
Median 12 month 9.9% 4.54%
Median 3 years 14.77% 11.02%
Median 5 years 26.25% 41.27%
10 years average annual 6.62% 7.28%
Weekly media advert. rent $390 $380
Time on Market 64.5 days 61.3 days
Gross Rental Yield Percent 2.37% 3.15%
demographics (median values)*
Total Population
21714
Weekly Household Income
1079
Household Size
3.10
Age
34
Monthly Loan Repayment
1500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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