Market snapshot
Suburb insights for Caroline Springs3023
Change suburbCaroline Springs, located around 21 km west of Melbourne’s CBD, is one of the region’s most successful master-planned communities. With a central lake, landscaped parks, schools, shopping centres, and a strong community feel, it attracts families, professionals, and downsizers alike. Excellent road and bus connections to the city and surrounding areas make it a convenient and desirable place to live.
Recent sales and auction results in Caroline Springs
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 28/40 Mccubbin Way, Caroline Springs | 3 |  | House | Private Sale | 16/04/2026 | Sweeney | View |
| 6/2 The Esplanade , Caroline Springs | 2 |  | Apartment | Private Sale | 12/04/2026 | Sweeney | View |
Sales data
Median sale price
$788k
Quarterly price change
-6.3%
Metro Melbourne Comparison
$992k
1.9%
| Bedrooms | Caroline Springs | Metro comparison |
|---|---|---|
| 2 | - | $950,000 |
| 3 | $720,000 | $863,000 |
| 4 | $885,000 | $980,500 |
| Insight | Caroline Springs | Metro comparison |
|---|---|---|
| Clearance rate | 77.4% | 74.9% |
| Days on market | 35 | 37 |
Rental data
Median weekly rent
$530
Rental yield
3.4%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Caroline Springs | Metro comparison |
|---|---|---|
| 2 | $470 | $595 |
| 3 | $510 | $550 |
| 4 | $600 | $595 |
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