Profile for Springvale

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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 & Auction Results in Springvale

Address Price Type Method Sale Date Agent
Property List
1/22 Albert Av, Springvale 2 Townhouse (Res) Passed in Vendor Bid 18/05/2019 Barry Plant

Median data for March 2019 Quarter. Click here for details.

Median Sale Price

$770k

Metro Melbourne

$820k

Annual Price Change

-2.5%

Metro Melbourne

-0.6%

Median Rent

$380

Metro Melbourne

$450

Rental Yield

2.6%

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 55.6%
Days on Market 40 41
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $865,000
3 Bedrooms $745,000 $730,000
4 Bedrooms $831,000 $870,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $330 $495
3 Bedrooms $380 $425
4 Bedrooms n/a $480

Median data for March 2019 Quarter. Click here for details.

Median Sale Price

$600k

Metro Melbourne

$595k

Annual Price Change

2.6%

Metro Melbourne

0.4%

Median Rent

$360

Metro Melbourne

$425

Rental Yield

3.1%

Metro Melbourne

3.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 55.6%
Days on Market 40 41
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $370,000
2 Bedrooms $525,000 $570,000
3 Bedrooms $632,500 $760,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $250 $370
2 Bedrooms $350 $440
3 Bedrooms $460 $525

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