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 September Quarter 2021. Click here for details.
Median Sale Price
$870k
Metro Melbourne
$1.07mil
Quarterly Price Change
-1.1%
6%
Median Rent
$383
$480
Rental Yield
2.3%
2.5%
$620k
$681k
-9.1%
0.4%
$350
$400
2.9%
3.1%
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