Market snapshot
Suburb insights for Springvale3171
Change suburbSpringvale, approximately 23 km southeast of Melbourne's CBD, is a thriving multicultural suburb with a strong Southeast Asian influence. The bustling Springvale Road precinct is a destination for authentic cuisine, fresh produce markets, and specialty grocery stores. With strong public transport options and proximity to Monash University, Springvale attracts families, students, and international investors seeking cultural vibrancy and convenience.
Sales data
Median sale price
$966k
Quarterly price change
-2.4%
Metro Melbourne Comparison
$992k
1.9%
| Bedrooms | Springvale | Metro comparison |
|---|---|---|
| 2 | - | $950,000 |
| 3 | $958,500 | $863,000 |
| 4 | $1,010,000 | $980,500 |
| Insight | Springvale | Metro comparison |
|---|---|---|
| Clearance rate | 61.1% | 74.9% |
| Days on market | 47 | 37 |
Rental data
Median weekly rent
$585
Rental yield
3.1%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Springvale | Metro comparison |
|---|---|---|
| 2 | - | $595 |
| 3 | $590 | $550 |
| 4 | $605 | $595 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.