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Springvale is a local community in Melbourne covering a land area of 11 square km. This locality has about 11 parks and a population of more than 21,000 residents. Over the last five years, the population has grown by as much as 9.7%, which has led to an increase in the demand for homes. With a young population of residents between the ages of 20-29 years, there is a high demand for single-unit houses and 3-4 bedroom houses for young couples looking to start a family. 

About 56% of houses in the area are occupied by their owners, which is an indication of a very vibrant community filled with homeowners. Also, the average monthly mortgage repayment bracket in Springvale is about $1800-$2399. As for those who cannot afford or don’t wish to buy a home in the area, they take up rented properties. If you wish to invest in Springvale’s rental market, you are in luck because close to half of the population live in a rented apartment.

Furthermore, the demand for rented properties is stable or continues to rise. With a large population of working people engaged in semi-skilled jobs, the type of properties many investors buy reflects the economic capacity of the average tenant.

Springvale’s real estate indicators show massive capital property gains of about 8.01%, which has remained consistent over the last year. Although it posted weaker results compared to that of surrounding suburbs, it still managed to do quite well all the same. A survey of median property price increase also shows that the area enjoyed a 5.86% growth over the last 60 months. This shows that Springvale is a viable area to invest in if you want your asset to appreciate consistently.

• Springvale enjoyed a continuous 10-year property value rise
• The suburb is the 1575th suburb investors wish to invest in
• The median price of houses is $823,000
• The average weekly rent is 2.46%

Buying a house in Springvale is not a bad idea judging by the positive growth rates posted over the last few years. However, one challenge many deal with has to do with the documentation and legal paperwork involved in the process.  If you want to buy a property in Springvale, you need the support services offered by conveyancers. But what is Conveyancing?

Conveyancing is simply the transfer of ownership of properties from the seller to a buyer. Beyond this simple definition, conveyancing encompasses several sets of services that only an expert can provide.

Prepare documents

To buy or sell a house in Springvale, certain documents have to be prepared to make the transaction legally binding. These documents can only be prepared by a legal expert, and one of such documents is a contract of sale, among other documents. A conveyancer can prepare this document for the buyer or seller.

Obligation requirements

An expert will ensure that all the obligations agreed by both parties are met so as to avoid contract violations. 

Document transfer

A conveyancer will ensure that the title deeds for the property in question reflect the name of the new owner line with the laid down legal procedures. The expert will also ensure that your rights are protected during the course of the transaction.

Property handover

A conveyancer may also be tasked with the responsibility of handing over the property to the new owner.

These and more are some of the responsibilities offered by conveyancers in Springvale. If you are looking to buy or sell a property in Springvale, make sure you only use the services of the best property conveyancers.

Springvale is one of Melbourne’s foremost suburbs, with a land area of 22 km. The town is located to the Southeast of Melbourne in the local government area of Dandenong. Springvale has a thriving population of more than 21,000 residents that continues to fluctuate by the thousand.

Originally the home of the Boonwurrung and Woiwurrung tribes, this area was their ancestral home for thousands of years before the coming of migrants from the west across the Pacific and the Indian Ocean. The area was a permanent source of water and food for tribal folks, which best explains why they lived here for thousands of years. When the Europeans finally arrived, they found relief here among the Dandenong ranges, which gave rise to its name. 

As more migrants arrived in the area, the local population grew. By 1840, it became the permanent residence of a South African named Christian Ludolph Johannes De Villiers shit eventually became the head of the local police. The police chief founded the No-Good-Damper. This inn brought horror to the area as it was known to be the launchpad for attacks into the hinterlands to steal from and kill the natives of the area. 

The first post office was opened on September 12, 1864, but closed down in 1892. By 1887, a railway station was opened, which thrived for years before it was renamed in 1902. The lost office went under further renovation, and a new one was opened in 1978.

Surrounding suburbs

• Clayton
• Noble Park
• Mulgrave

Sandown Racing Club

Burden Park

Bounce World

• Bright Moon Buddhist Society
• Alex Willie Nature Reserve
• Wat Khmer Temple