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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 5 of 55 investment properties found in Springvale South on realestateinvestar.com.au

1 Wyton Ct, Springvale South

$889,000

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Spacious Family Living with Exceptional Outdoor Space 1 Wyton C

Tucked away in a peaceful and private court setting, 1 Wyton Court, Springvale South presents an outstanding opportunity to secure a spacious and versatile home on a generous, uniquely shaped allotment. Offering multiple living zones, excellent outdoor entertaining space and a family-friendly ...

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VIC 3172


56 Wardale Rd, Springvale South

$750,000

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Charming family home on a generous corner block

This cherished family home offers a world of opportunity for astute buyers, placing its residents within walking distance of schools, shops and parks. Savouring the serenity of its desirable location, the property exudes traditional sophistication, combining a classic red brick facade with ...

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VIC 3172


2/10 Coniston Ct, Springvale South

$800,000

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Spacious Style, Family Comfort and Effortless Living in a Quiet

Stylish, spacious and beautifully presented, this modern double storey townhouse delivers the perfect combination of comfort, flexibility and low maintenance living in a peaceful court setting. Positioned on approximately 198m² with an attractive wide frontage and lovely elevated outlook, this ...

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Townhouse

VIC 3172


7 Bartley Pl, Springvale South

$880,000

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Warm, private and upgraded family home in a quiet Springvale Sou

Warm, private and quietly positioned at the end of a culdesac, this solid 1975 brick veneer home offers comfort, thoughtful upgrades and everyday convenience in one of Springvale South's most familyfriendly pockets. Set beside Bartley Place Reserve with no neighbour on one side, it delivers a rare ...

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VIC 3172


73 Vella Ct, Springvale South

$830,000

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Family Space, Court Privacy and an Entertainer's Lifestyle

Positioned in a peaceful court setting, 73 Vella Court, Springvale South delivers the perfect combination of space, comfort and effortless family living on an impressive 689m² allotment. Tucked privately behind a secure frontage and long driveway, this inviting home immediately creates a sense of ...

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VIC 3172


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