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Investment Property Springvale South, VIC, 3172

Suburb Snapshot

Springvale South is a suburb in the Greater Dandenong Region of Victoria. Springvale South has a population of 12,767 people and 23.34% of its occupants live in rental accommodation. The median listing price for houses is $750,000 and this has changed 0.00% over the past year and changed 3.44% over 2 years.

The median rent in Springvale South for houses is $520 per week and the median rental yield is 3.60%. Stock on the market for houses/townhouses has changed -14.63% compared to last year and the average time to sell a house/townhouse is 87 days.The median listing price for units is $505,000 and this has changed -7.34% over the past year. The average unit takes 258 days to sell and the median rent for a unit in Springvale South is $400 per week, producing a rental yield of 4.11%.

Supply & Demand in Springvale South, Greater Dandenong

0.23%

Current vacancy rate


10

Rental stock available


12,767

Population


23.34%

Rental population


0.65%

Current vacancy rate


417

Rental stock available


152,051

Population


31.54%

Rental population


0.87%

Current vacancy rate


26,641

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Springvale South, Greater Dandenong

  House Townhouses Units
Median listing price $750,000 $669,500 $505,000
Median price change - last quarter 0.00% -4.29% 1.00%
Median price change - 1 year 0.00% -8.29% -7.34%
Median price change - 2 years 3.44% 1.43% 3.58%
  House Townhouses Units
Median weekly rent $520 $530 $400
Median yield % 3.60% 4.11% 4.11%
Median rent change - 1 year 18.18% 9.27% 8.10%
  House Units
Previous month sales 5 0
Stock on market previous month 35 10
Stock variance vs. last year -14.63% 100.00%
Average days on market 87 258

Springvale South investment property listings

Showing 5 of 33 investment properties found in Springvale South on realestateinvestar.com.au

23/27-29 Golden Grove, Springvale South

$405,000

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Single-Level Sanctuary in a Prime Position

Presenting a haven of comfort, seclusion, and convenience, this exceptional property occupies a prime location in the heart of Springvale South. Seamlessly blending modern appeal with practicality, this charming abode is perfect for first-time buyers, small families, and those seeking to downsize ...

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Unit

VIC 3172


6/780-788 Heatherton Rd, Springvale South

$380,000

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Tranquil, easy villa living!

Online auction: 16th May @ 6pm. For registration and link to view the auction, contact Jason Yan on 0422 363 452. Nestled in a quiet and friendly group of villa units, this charming villa provides comfortable and tranquil living in a central and convenient location. This original 2 bedroom villa ...

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Unit

VIC 3172


7 Nicole Ave, Springvale South

$880,000

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Excellent Family Home at Prime Location

This excellent family home nestled in prime location of Springvale South. If you are looking for a great family home to move in, or you are a keen investor looking for an amazing investment opportunity, this property has it all. An immaculately presented and well-maintained home offers a multitude ...

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House

VIC 3172


11 Silverdale Ct, SPRINGVALE SOUTH

$700,000

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House

VIC 3172


45-47 Clarke Rd, Springvale South

$1,600,000

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Expansive corner block with original home

THE PROPERTY Opportunity is knocking at this outstanding property in the heart of Springvale South. With room for renovation, a new dream home, or a multi-dwelling development (STCA), this is a rare offering in the right pocket position. The original brick home onsite features 4 bedrooms and a ...

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House

VIC 3172


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