Market snapshot

Suburb insights for Springvale3171

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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 and auction results in Springvale

AddressBedroomsPriceTypeMethodSale DateAgentListing
4/1A Billing St, Springvale2PriceUnitPassed in at Auction20/07/2024iSellView
3/70 Birmingham St, Springvale2PriceUnitAuction Sale20/07/2024Area Specialist KeysboroughView
45 Burden St, Springvale3PriceHouse (Res)Passed in at Auction20/07/2024LJ Hooker Springvale
4/23-25 Hillcrest Gr, Springvale3PriceUnitPassed in at Auction20/07/2024iSellView
55 Royal Av, SpringvalePriceHouse (Res)Private Sale28/11/2023Mitchell Torre RE
1/42 Balmoral Av, Springvale2PriceUnitPassed in Vendor Bid20/07/2024Leyton Real EstateView

Sales data

Median sale price
$855k
Quarterly price change
-1.7%
Metro Melbourne Comparison
$912k
-1.5%
BedroomsSpringvaleMetro comparison
2-$902,500
3$870,000$810,000
4$890,000$955,000
InsightSpringvaleMetro comparison
Clearance rate52.8%73.8%
Days on market4942

Rental data

Median weekly rent
$550
Rental yield
3.3%
Metro Melbourne Comparison
$560
3.2%
BedroomsSpringvaleMetro comparison
2-$550
3$550$540
4$650$580
Median data for the current quarter
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