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.

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Median data for September Quarter 2021. Click here for details.

Median Sale Price

$870k

Metro Melbourne

$1.07mil

Quarterly Price Change

-1.1%

Metro Melbourne

6%

Median Rent

$383

Metro Melbourne

$480

Rental Yield

2.3%

Metro Melbourne

2.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 73.3% 89.1%
Days on Market 40 42
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $1,000,000
3 Bedrooms $829,000 $871,500
4 Bedrooms $928,000 $1,085,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms n/a $450
4 Bedrooms n/a $500

Median data for September Quarter 2021. Click here for details.

Median Sale Price

$620k

Metro Melbourne

$681k

Quarterly Price Change

-9.1%

Metro Melbourne

0.4%

Median Rent

$350

Metro Melbourne

$400

Rental Yield

2.9%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 73.3% 89.1%
Days on Market 40 42
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $395,000
2 Bedrooms $570,000 $615,000
3 Bedrooms $696,250 $845,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $325
2 Bedrooms $350 $410
3 Bedrooms n/a $520

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