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.
Recent sales and auction results in Springvale South
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 4 Lando Pl, Springvale south |  | House (Res) | Passed in Vendor Bid | 20/12/2024 | iSell | View |
Sales data
Median sale price
$880k
Quarterly price change
1.4%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Springvale South | Metro comparison |
|---|---|---|
| 2 | - | $902,000 |
| 3 | $815,000 | $807,500 |
| 4 | $920,000 | $950,000 |
| Insight | Springvale South | Metro comparison |
|---|---|---|
| Clearance rate | 94.4% | 73.3% |
| Days on market | 50 | 42 |
Rental data
Median weekly rent
$565
Rental yield
3.5%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Springvale South | Metro comparison |
|---|---|---|
| 2 | - | $560 |
| 3 | $550 | $550 |
| 4 | - | $595 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.