Unit 1, 488 SPRINGVALE ROAD Springvale South VIC 3172
This property is Off Market
- The Average property price in this area is $971,542, this is based on recent transactions.
- Internet speed Download 1000 Mbps / Upload 400 Mbps
- Distance to the coast 7.16 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Springvale South
With an average age of 38, households expect an average monthly mortgage payment of $1,733 or a weekly rent payment of $371. The average family earns a weekly income of $1,766 with a typical household size of 2.9 and a 93.27% employment rate.
Consistent high demand relative to supply is a key feature in Springvale South driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Springvale South due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Springvale South leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Springvale South to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Springvale South the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Public Transport
Southland
General Points of Interest
St Patrick's Tennis Club Mentone
Lest We Forget
Westfield Southland
Chesterfield Farm
Cheltenham Bowls Club
Golden Plaza
The Cricketer's Bell
Academy Swimming Pool
Hockey Pavillion
Volleyball: Dandenong Basketball Centre
Population
(Country of Birth not stated 4%)
Are people healthy?
There are a recorded 1202 asthma sufferers and 985 people living with diabetes. In addition, 658 people have a heart/vascular condition and 1118 people live with three or more chronic diseases.A good place to invest in property?
Springvale South a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
35 / 100
52 / 100
Industry
07 / 100
17 / 100
Population
22 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
12 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsKeysborough Secondary College Athol Road Primary School
Property Story
Unit 1, 488 Springvale Road, Springvale South, Vic, 3172 is a residential property . The estimated distance to the sea is 7.16km and 0.45KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz 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 Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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