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Springvale South

The Springvale South property market has eased slightly over the past 12 months to June 2020.

There have been 112 properties listed over the past 12 months, while 90 have sold. This compares to 124 listings for the same time last year, and 88 sales.

The current median sales price of a house in Springvale South is $710,000. This represents growth of 6% over the past 12 months.

The time it takes to sell a house in Springvale South is currently 40 days. This timing is 12 days higher than a typical 4 week auction campaign.

For apartments, the median sales price is $470,000. Apartment prices have declined by -6.9% over the past 12 months. The time it takes to sell a unit in Springvale South is currently 37 days.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$700,000
(37)
$454,700
(12)
2$761,500
(10)
$420,000
(18)

Median Sales

House
Unit
$670,000

Jun 2019
(12 months)

$710,000

Jun 2020
(12 months)

$504,750

Jun 2019
(12 months)

$470,000

Jun 2020
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

60
Jun 2019
(12 months)
59
Jun 2020
(12 months)

-1.7%

MOVEMENT


28
Jun 2019
(12 months)
31
Jun 2020
(12 months)

10.7%

MOVEMENT

Number of Listings

 House Listings Unit Listings
64
48
39
Days on Market

Rentals

Rental Yield

2.9%

Median Asking Rent

$400
per week

Percentage Rented

HOUSES & UNITS
25.6%

Rental Yield

3.9%

Median Asking Rent

$350
per week

Population

Population
12,771

Family Composition

CHILDLESS COUPLE

26.6%

COUPLES WITH CHILDREN

50.4%

SINGLE PARENTS

20.9%

OTHER

2%

Tenure Type

RENTING

25.6%

OWNS OUTRIGHT

37.4%

PURCHASING

33.7%

OTHER

0%

Definitions and Disclaimers

Sales metrics are for the period 1 Jul 19 - Jun 20 unless otherwise stated. For listings, 1 Sep 19 - Aug 20.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.