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Investment Property Springvale, VIC, 3171

Suburb Snapshot

Springvale is a suburb in the Greater Dandenong Region of Victoria. Springvale has a population of 21,713 people and 34.30% of its occupants live in rental accommodation. The median listing price for houses is $815,000 and this has changed -0.61% over the past year and changed -4.12% over 2 years.

The median rent in Springvale for houses is $510 per week and the median rental yield is 3.25%. Stock on the market for houses/townhouses has changed -10.00% compared to last year and the average time to sell a house/townhouse is 171 days.The median listing price for units is $464,500 and this has changed -3.23% over the past year. The average unit takes 150 days to sell and the median rent for a unit in Springvale is $430 per week, producing a rental yield of 4.81%.

Supply & Demand in Springvale, Greater Dandenong

0.69%

Current vacancy rate


59

Rental stock available


21,713

Population


34.30%

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, Greater Dandenong

  House Townhouses Units
Median listing price $815,000 $680,000 $464,500
Median price change - last quarter -1.83% -1.45% 0.00%
Median price change - 1 year -0.61% -1.45% -3.23%
Median price change - 2 years -4.12% 0.00% 3.22%
  House Townhouses Units
Median weekly rent $510 $645 $430
Median yield % 3.25% 4.93% 4.81%
Median rent change - 1 year 6.25% 10.25% 13.15%
  House Units
Previous month sales 10 2
Stock on market previous month 99 36
Stock variance vs. last year -10.00% -20.00%
Average days on market 171 150

Springvale investment property listings

Showing 5 of 210 investment properties found in Springvale on realestateinvestar.com.au

2 Charles Ave, Springvale

$830,000

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CORNER BLOCK FAMILY COMFORT

Beautifully renovated and ready to enjoy, this impressive family home offers a move-in ready lifestyle so you can focus on what truly matters your family. Set on a generous 587sqm (approx.) corner allotment, the home delivers flexibility and space, including a versatile layout that allows for a ...

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VIC 3171


43 Victoria Ave, Springvale

$1,300,000

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AUCTION THIS SATURDAY@11AM

43 VICTORIA AVENUE OPPORTUNITY IN GENERAL RESIDENTIAL ZONE 3 Strategically positioned in Springvale's highly sought-after General Residential Zone Schedule 3, this expansive 920sqm (approx.), 20.11m wide frontage, level and rectangular allotment presents an exceptional opportunity to redevelop ...

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VIC 3171


37 Charlton St, Springvale

$1,100,000

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1,292M² OF OPPORTUNITY DEVELOP, INVEST OR ENJOY

A much-loved home offered for the first time in over 50 years, this is a truly rare dual-edged opportunity-move in and enjoy a beautifully built, spacious residence, or unlock the site's outstanding potential for dual occupancy or full redevelopment (STCA). Set on an extraordinary parcel of ...

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VIC 3171


64 Hanleth Ave, Springvale

$900,000

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CHARMING FAMILY HOME ON 584M² IN PRIME SPRINGVALE LOCATION

Positioned in a quiet, family-friendly pocket of Springvale, this well-maintained low maintenance 3-bedroom, 1-bathroom, 2-car residence sits proudly on a generous 584m² (approx.) allotment offering comfort today and exciting potential for tomorrow. Step inside and discover a light-filled home ...

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VIC 3171


168 Westall Rd, Springvale

$750,000

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A Home Full of Possibility

Step into possibility with this three bedrooms, one bathroom home set on an approx. 541sqm block. Offering exciting scope to update or personalise, it's a great opportunity to shape a space that reflects your vision, an ideal project for growing families or savvy investors. Inside, the living area ...

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VIC 3171


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