Market snapshot

Suburb insights for Springvale3171

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Springvale is located 23 km south-east of the CBD. Springvale is a multiculturally diverse suburb in Melbourne's south-east with the highest concentration of Vietnamese in Melbourne and a strong Cambodian presence. Springvale's land uses are varied with significant commercial areas along Springvale Rd around the railway station while industrial areas occupy the north west region. The suburb also features the Springvale Shopping Centre Springvale Crematorium and Necropolis and The Sandown Racecourse and Entertainment Centre.

Recent sales and auction results in Springvale

AddressBedroomsPriceTypeMethodSale DateAgentListing
995 Heatherton Rd, Springvale3PriceHouseAuction Sale9/05/2025iSellView
1 Stevens St, Springvale3PriceHouseAuction Sale9/05/2025Century 21 Theresa HuynhView
2/16 Blissington St, Springvale4PriceTownhousePrivate Sale27/04/2025LLC Real Estate
34 Eighth Blvd, Springvale6PriceHousePassed in Vendor Bid9/05/2025BYD Real Estate SpringvaleView

Sales data

Median sale price
$980k
Quarterly price change
10.4%
Metro Melbourne Comparison
$923k
2.7%
BedroomsSpringvaleMetro comparison
2-$881,200
3$850,000$810,000
4$947,100$942,350
InsightSpringvaleMetro comparison
Clearance rate78.9%78.5%
Days on market5042

Rental data

Median weekly rent
$560
Rental yield
3.3%
Metro Melbourne Comparison
$580
3.3%
BedroomsSpringvaleMetro comparison
2-$580
3$550$550
4$660$600
Median data for the current quarter
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