Profile for Springvale South

3172

Springvale 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.

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Median data for December Quarter 2023. Click here for details.

Median Sale Price

$798k

Metro Melbourne

$909k

Quarterly Price Change

-0.3%

Metro Melbourne

-2.2%

Median Rent

$500

Metro Melbourne

$550

Rental Yield

3.3%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 78.9% 72.5%
Days on Market 32.5 40
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $920,000
3 Bedrooms $785,000 $815,000
4 Bedrooms $907,500 $970,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $540
3 Bedrooms $499 $500
4 Bedrooms n/a $560

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$600k

Metro Melbourne

$633k

Quarterly Price Change

-0.2%

Metro Melbourne

-0.1%

Median Rent

$480

Metro Melbourne

$500

Rental Yield

4.3%

Metro Melbourne

4.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 78.9% 72.5%
Days on Market 32.5 40
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $370,000
2 Bedrooms $521,750 $600,000
3 Bedrooms $673,000 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $420
2 Bedrooms n/a $520
3 Bedrooms n/a $600

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