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
27 Talara Cl, Springvale3PriceTownhouseAuction Sale5/07/2025Century 21 Theresa Huynh
41 Peter St, Springvale3PriceHousePassed in at Auction4/07/2025Coco Ma Real EstateView
33 Gunther Av, Springvale4PriceHousePrivate Sale23/06/2025Ian Reid Vendor Advocacy - Ray White Judd White
62 Queens Av, Springvale3PriceHousePassed in at Auction4/07/2025iSell
25 Talara Cl, Springvale3PriceTownhouseSold Before Auction30/06/2025Jellis CraigView

Sales data

Median sale price
$903k
Quarterly price change
-4.5%
Metro Melbourne Comparison
$924k
0.4%
BedroomsSpringvaleMetro comparison
2-$890,000
3$850,000$815,000
4$917,500$950,000
InsightSpringvaleMetro comparison
Clearance rate73.1%79.5%
Days on market5639

Rental data

Median weekly rent
$550
Rental yield
3.3%
Metro Melbourne Comparison
$580
3.3%
BedroomsSpringvaleMetro comparison
2-$580
3$530$550
4$655$600
Median data for the current quarter
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