Thinking about buying in Springvale South? Now could not be a better time, with 4928 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $966,000 with prices in this suburb ranging from $344,000 to $9,864,000. Springvale South is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Springvale South Real Estate Market Outlook

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.

Houses for sale Springvale South

	unit 1, 3 harold rd, springvale south, vic, 3172	2	1	0	$530,000 - $583,000
	57 spring rd, springvale south, vic, 3172	3	1	3	P.O.A.
	28a harold rd, springvale south, vic, 3172	3	1	1	$850,000- $900,000
	unit 6, 2 mackay st, springvale south, vic, 3172	2	1	1	CONTACT AGENT
	unit 1, 488 springvale rd, springvale south, vic, 3172	2	2	1	Price: Package price contact agent
	2 coomoora rd, springvale south, vic, 3172	5	2	4	1350000

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