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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


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 $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

Showing 2 of 2 investment properties found in Springvale South on realestateinvestar.com.au

1/5 Glenwood Dr, Springvale South

$680,000

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Effortless Lifestyle Living

Set in a prized position backing directly onto Burden Park, this beautifully renovated residence delivers a seamless blend of style, comfort and convenience, offering an outstanding opportunity for homebuyers and investors alike. Showcasing its own street frontage, a rendered façade and landscaped ...

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Unit

VIC 3172


N/A, Springvale South

$0

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First Home Buyers only

This is a house and land package which means that you will buy the block of land and build a house on it. The house has not yet been built. As far as the floorplan is concerned changes can be made to the floorplan and we can customise the inclusions and fit out in the house to suit your taste and ...

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Townhouse

VIC 3172


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