AREA REPORTS

Springvale South

Suburb Profile

Springvale South - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3172

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 42% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $745,500

The augmented property values in the suburb are trailing above the territorial average of 8.31% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $390.

Home owners selling their properties and realtors in SPRINGVALE SOUTH usually have to wait an average of 53.8 days days before their assets are lifted off the market.

The VIC suburb ranks 397th on the list of best yielding suburbs for rental properties in VIC, posting a 2.72% return.

It also places places 436th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $745,500 $520,000
GROWTH REPORT
Median Quarterly -0.2% 7.22%
Median 12 month 9.79% 26.83%
Median 3 years 42% 42.47%
Median 5 years 81.83% 71.62%
10 years average annual 8.45% 7.22%
Weekly media advert. rent $390 $350
Time on Market 53.8 days 37.6 days
Gross Rental Yield Percent 2.72% 3.5%
demographics (median values)
Total Population
11731
Weekly Household Income
865.7
Household Size
3.10
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Travel stamp

Migration cut plans set to impact property market

Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...

For rent signage

'Bagging a bargain' easier in December, investors told

Investors looking to boost their portfolio should consider the buying and yield opportunities in the market during December, according to on...

Crystal ball

Major bank reveals predictions for property market in 2019

One of the big four banks has released its price predictions for the year ahead, on the basis of patterns and data from buyers in 2018. ...

Magnifying glass and human eye

'Problematic' Sydney, Melbourne focus holds back investors

Property investors often gravitate towards the bigger markets of Sydney and Melbourne, but one industry boss has expressed "grave concerns" ...

Australian dollars

Property investment amid tighter lending—is it worth the risk?

Many property investors are finding it hard to capitalise on the current market due to the tightening of the lending environment across Aust...

Businessman success

Big opportunities for property investors in 2019, expert tips

Labor’s negative gearing plans and softening house prices are creating a prime market for savvy investors, according to one expert. ...