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 June 2020 Quarter. Click here for details.

Median Sale Price

$767k

Metro Melbourne

$865k

Annual Price Change

5.1%

Metro Melbourne

6.1%

Median Rent

$380

Metro Melbourne

$470

Rental Yield

2.6%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 66.1%
Days on Market 36 39
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $910,250
3 Bedrooms $761,000 $760,000
4 Bedrooms $828,000 $910,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms $383 $440
4 Bedrooms n/a $495

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$579k

Metro Melbourne

$630k

Annual Price Change

-3.7%

Metro Melbourne

6.4%

Median Rent

$375

Metro Melbourne

$430

Rental Yield

3.4%

Metro Melbourne

3.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 66.1%
Days on Market 36 39
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $385,000
2 Bedrooms $506,000 $591,000
3 Bedrooms $597,500 $785,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $240 $370
2 Bedrooms $360 $450
3 Bedrooms $480 $525

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