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 |
|---|---|---|---|---|---|---|---|
| 10/135-145 Athol Rd, Springvale south | 2 |  | Unit | Auction Sale | 20/07/2024 | iSell |
Sales data
Median sale price
$846k
Quarterly price change
-3.3%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Springvale South | Metro comparison |
|---|---|---|
| 2 | - | $902,500 |
| 3 | $800,000 | $810,000 |
| 4 | $917,500 | $955,000 |
| Insight | Springvale South | Metro comparison |
|---|---|---|
| Clearance rate | 81.8% | 73.8% |
| Days on market | 56 | 42 |
Rental data
Median weekly rent
$560
Rental yield
3.5%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Springvale South | Metro comparison |
|---|---|---|
| 2 | - | $550 |
| 3 | $550 | $540 |
| 4 | - | $580 |
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