Profile for Springvale

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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.

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Recent Sales & Auction Results in Springvale

Address Price Type Method Sale Date Agent
Property List
25 Newcomen Rd, Springvale 3 House (Res) Passed in Vendor Bid 15/06/2024 Century 21 Theresa Huynh
10 Acacia Mews, Springvale 4 House (Res) Private Sale 25/05/2024 Harcourts Judd White

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$875k

Metro Melbourne

$929k

Quarterly Price Change

-2%

Metro Melbourne

2%

Median Rent

$525

Metro Melbourne

$550

Rental Yield

3.1%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 71.4% 75.3%
Days on Market 47 40
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $920,000
3 Bedrooms $880,000 $810,000
4 Bedrooms $882,500 $965,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $550
3 Bedrooms $525 $520
4 Bedrooms n/a $575

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$774k

Metro Melbourne

$635k

Quarterly Price Change

38.2%

Metro Melbourne

0.3%

Median Rent

$510

Metro Melbourne

$520

Rental Yield

4.5%

Metro Melbourne

4.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 71.4% 75.3%
Days on Market 47 40
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $370,000
2 Bedrooms $496,000 $600,000
3 Bedrooms $705,000 $855,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $315 $450
2 Bedrooms $465 $540
3 Bedrooms $623 $620

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