Profile for Springvale

3171

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.

Median data for December 2018 Quarter. Click here for details.

Median Sale Price

$725k

Metro Melbourne

$797k

Quarterly Price Change

-13.6%

Metro Melbourne

-3.7%

Median Rent

$380

Metro Melbourne

$450

Rental Yield

2.5%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 41.7% 45.1%
Days on Market 40 42
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $870,000
3 Bedrooms $755,500 $733,000
4 Bedrooms $840,000 $878,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $340 $490
3 Bedrooms $380 $420
4 Bedrooms n/a $480

Median data for December 2018 Quarter. Click here for details.

Median Sale Price

$595k

Metro Melbourne

$597k

Annual Price Change

4.4%

Metro Melbourne

1.8%

Median Rent

$360

Metro Melbourne

$420

Rental Yield

3.1%

Metro Melbourne

3.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 41.7% 45.1%
Days on Market 40 42
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $370,000
2 Bedrooms $522,500 $571,000
3 Bedrooms $652,000 $765,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $250 $370
2 Bedrooms $360 $440
3 Bedrooms $460 $521

Loading chart...

Find an Agent

Whether you are selling, buying, leasing or renting, choose an REIV member.

Find a Member

Find a Property

Search for the latest listings on view.com.au

Start Now

PropertyData

The credible and trusted source of data for real estate professionals.

Find out more