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.

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Recent Sales & Auction Results in Springvale

Address Price Type Method Sale Date Agent
Property List
2/17 Harris St, Springvale 3 Unit Auction Sale 23/03/2024 Harcourts ASAP
5 Jade Ct, Springvale 5 House (Res) Passed in Vendor Bid 23/03/2024 Century 21
13 Bertha St, Springvale 3 House (Res) Auction Sale 21/03/2024 Ray White Noble Park/Springvale
8 Maine Hey Cr, Springvale 3 House (Res) Sold Before Auction 06/03/2024 Barry Plant

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$893k

Metro Melbourne

$909k

Quarterly Price Change

0.3%

Metro Melbourne

-2.2%

Median Rent

$493

Metro Melbourne

$550

Rental Yield

2.9%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 65.6% 72.5%
Days on Market 45.5 40
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $920,000
3 Bedrooms $880,000 $815,000
4 Bedrooms $875,000 $970,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $540
3 Bedrooms $525 $500
4 Bedrooms n/a $560

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$584k

Metro Melbourne

$633k

Quarterly Price Change

-0.2%

Metro Melbourne

-0.1%

Median Rent

$478

Metro Melbourne

$500

Rental Yield

4.2%

Metro Melbourne

4.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 65.6% 72.5%
Days on Market 45.5 40
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $370,000
2 Bedrooms $528,000 $600,000
3 Bedrooms $658,750 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $310 $420
2 Bedrooms $450 $520
3 Bedrooms $620 $600

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