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Springvale, NSW 2650

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Springvale, NSW 2650 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Springvale, NSW 2650”

  1. The total adult population (15 years or older) of Springvale 2650 NSW is 374, with a median age of 38. Of those, 52.94% are married, 10.43% are divorced or separated, 32.35% are single and 4.28% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,096. The median monthly mortgage repayment for households in this suburb is $1,560 which is 17.15% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in NSW, the suburb of Springvale 2650 encompasses approximately 593 households. With its typical house prices recorded at $1,401,957 in Q3 of 2023, Springvale 2650 exhibits a flourishing property market. The median weekly rent is marked at $850, resulting in an indicative yield of 3.17%. This yield surpasses the minimum attractive market requirement of 3%, highlighting its appeal to cashflow-centred property investors.

    Springvale’s IRSAD score is 300 out of 1217, indication of a lower socio-economic status in comparison to other areas. Nonetheless, its renter to owner ratio of 11% is notably under the 30% threshold, implying that it’s a market dominated by homeowners rather than renters, a promising sign of steady long-term returns for property investors.

    Looking at the units to houses ratio, Springvale hosts predominantly houses with the ratio sitting at a modest 5%. This indicates a favourable environment for landlords as lower competition for tenants helps maintain higher rental yields.

    The affordability of houses in Springvale goes beyond the standard 30-year mortgage duration, landing at 61 years. This suggests that homeowners may encounter difficulty in fully owning a property, rendering the area less attractive from an affordability perspective.

    Concerning the supply metrics, Springvale’s stock on market Percentage is considerably low at 0.17%, indicating a limited supply in the market, a favourable aspect for sellers. Additionally, the inventory level sits at a lean 1.2 months. This suggests a brisk absorption rate of new property listings, further strengthening the conditions for sellers. However, the building approvals Ratio leans towards a high at 4.72%, hinting at the potential of increased property supply in the future.

    The average number of days a property remains listed in Springvale is 65, suggesting a moderate demand. The vacancy rate, combining both houses and units, is 1.54%, implying there is a strong demand due to limited supply. However, the buy search index for houses standing at 3 indicates a limited demand. This insight stresses the importance of staying updated with real estate data for informed investment decisions.

    In conclusion, while some metrics aren’t in an ideally favourable range, the majority, including the indicative yield, renter to owner ratio and units to houses ratio, are favourable. Also, with a low supply and a moderate demand, Springvale 2650 shows merit as a potential property investment location.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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