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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 $800,000 and this has changed 6.66% over the past year and changed 6.66% over 2 years.

The median rent in Springvale South for houses is $550 per week and the median rental yield is 3.57%. Stock on the market for houses/townhouses has changed 13.33% compared to last year and the average time to sell a house/townhouse is 87 days.The median listing price for units is $540,000 and this has changed 10.20% over the past year. The average unit takes 118 days to sell and the median rent for a unit in Springvale South is $470 per week, producing a rental yield of 4.52%.

Supply & Demand in Springvale South, Greater Dandenong

0.52%

Current vacancy rate


23

Rental stock available


12,767

Population


23.34%

Rental population


0.81%

Current vacancy rate


525

Rental stock available


152,051

Population


31.54%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Springvale South, Greater Dandenong

  House Townhouses Units
Median listing price $800,000 $742,500 $540,000
Median price change - last quarter 0.06% 3.52% -1.82%
Median price change - 1 year 6.66% 9.19% 10.20%
Median price change - 2 years 6.66% -1.00% -0.92%
  House Townhouses Units
Median weekly rent $550 $625 $470
Median yield % 3.57% 4.37% 4.52%
Median rent change - 1 year 2.80% 13.63% 13.25%
  House Units
Previous month sales 3 0
Stock on market previous month 34 5
Stock variance vs. last year 13.33% -28.57%
Average days on market 87 118

Springvale South investment property listings

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