Real Estate Appraisal Springvale South VIC 3172
How much is my home worth in Springvale South?
The median price for a house in Springvale South is $825,000 as of April 4, 2023. A median-priced unit is $580,000.
There have been 73 houses and 32 units sold in the last year. The average annual capital growth for houses is 2.69% and for units, it is 6.65%.
The 12-month capital growth is 2.62% on houses and 14.29% on units.
The Demand to Supply Ratio or DSR rating has homes and units or apartments as above average. In this market, demand just outnumbers supply. This is a favourable market for those looking to implement a value-added approach. Buyers can occasionally get away with making lowball bids. More frequently than not, sellers obtain the prices they demand. Growth will likely be slightly higher than the national average. It takes on average 28 days to sell a house and 28 days to sell a unit in Springvale South.
House prices and rent returns in Springvale South.
- 3 bedroom home $812,500, Rent per week $450
- 4 bedroom home $928,500, Rent per week $502
Unit prices and rent returns in Springvale South.
- 2 bedroom unit $523,500, Rent per week $360
- 3 bedroom unit $629,000, Rent per week $430
The Springvale South gross rental yield for houses is 3.07% and for units, it is 3.67%.
Free Real Estate Appraisal Springvale South
Selling your house in Springvale South? Do you want to know the current market price of your house or unit? Our appraisers will deliver an accurate appraisal based on recent sales data together with the location of amenities, schools and shops. Our agents will provide this valuation free of charge.
Free Rental Appraisal Springvale South
Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 34,000 properties in Australia. Our focus is to maintain and care for your property so you can realise the maximum return on your investment. We use the latest software tools to organise our services and we provide full digital tax accounting files. We work closely with the landlord and report regularly on their property. We have a large database of potential tenants that we screen for security reasons.
Property Valuation Springvale South
The majority of people believe a property appraisal and a property valuation are the same. In part, this is true. However, if you need a valuation for legal purposes, you need to engage the services of a licenced property valuer. A valuation from a certified property valuer will cost you money. Or, if you just want to know how much your home is worth, then any registered real estate agent can give you a good understanding of what price you could get for your property, both for sales and rent.
If you want to know the value of your Springvale South home, request an appraisal today to speak to one of our experienced Property Consultants or Property Managers.
How do we appraise a property in Springvale South?
- Recent property sales history in the Springvale South district
- Location and the proximity to amenities
- Accessibility of schools and shops
- Comparison of market values
- Condition and size of the property
Want to know what your Springvale South home is worth?
Recently Sold Properties in Springvale South
Lifestyle in Springvale South
Springvale South is a Melbourne suburb located 24 kilometres south-east of the city's central business area. The City of Greater Dandenong is its local government area. Neighbouring suburbs include Noble Park, Clayton South and Springvale.
Springvale South is a small suburb with a population of 12,678. Over fifty per cent of the residents were born overseas. In the middle of Springvale Soth is Spring Valley Park which is also home to Heatherton Park FC. There are also a few other parks including Burden park which has a tennis club.
Schools in Springvale South
There is 5 schools in Springvale South, as well as an array of other schools nearby in the surrounding suburbs.
Springvale South Real Estate Agent Contact Details
Office: Dingley Village
Phone: 03 9586 0500