Market snapshot
Suburb insights for Springvale South3172
Change suburbSpringvale South is located 25 km south-east of the CBD. With Heatherton Road in the north and the Westall Road extension in the west Springvale South is a residential suburb located in Melbourne's south-east. The suburb is multiculturally diverse and has the highest concentration of Cambodians in Melbourne. Springvale South also features the Springvalley BMX Track and the Springvale Plaza. A high proportion (41%) of the suburb's labour force are employed in the manufacturing sector.
Sales data
Median sale price
$852k
Quarterly price change
-3.5%
Metro Melbourne Comparison
$895k
-2.1%
| Bedrooms | Springvale South | Metro comparison |
|---|---|---|
| 2 | - | $888,000 |
| 3 | $825,500 | $807,000 |
| 4 | $900,000 | $950,000 |
| Insight | Springvale South | Metro comparison |
|---|---|---|
| Clearance rate | 50% | 72.6% |
| Days on market | 48 | 43 |
Rental data
Median weekly rent
$600
Rental yield
3.6%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Springvale South | Metro comparison |
|---|---|---|
| 2 | - | $575 |
| 3 | $573 | $550 |
| 4 | - | $600 |
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