VIC/
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 51.67% 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 $682,500

The augmented property values in the suburb are trailing above the territorial average of 10.38% 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 61.9 days days before their assets are lifted off the market.

The VIC suburb ranks 373rd on the list of best yielding suburbs for rental properties in VIC, posting a 2.97% return.

It also places places 243rd in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $682,500 $410,000
GROWTH REPORT
Median Quarterly 3.41% 0%
Median 12 month 13.75% 1.23%
Median 3 years 51.67% 23.31%
Median 5 years 67.28% 38.98%
10 years average annual 9.83% 6.28%
Weekly media advert. rent $390 $321.5
Time on Market 61.9 days 39.2 days
Gross Rental Yield Percent 2.97% 4.08%
demographics (median values)
Total Population
11731
Weekly Household Income
865.7
Household Size
3.10
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