Market snapshot
Suburb insights for Springvale3171
Change suburbSpringvale 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.
Recent sales and auction results in Springvale
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 105 Ellen St, Springvale | 3 |  | House | Auction Sale | 4/04/2025 | iSell | View |
| 2/49 Stephenson St, Springvale | 3 |  | Townhouse | Passed in Vendor Bid | 4/04/2025 | VIET HA Selling Expert Property Group | |
| 32 Princess Av, Springvale | 4 |  | House | Private Sale | 23/03/2025 | Jellis Craig | View |
| 34 Lightwood Rd, Springvale | 5 |  | Block of Units | Auction Sale | 4/04/2025 | Leyton Real Estate |
Sales data
Median sale price
$980k
Quarterly price change
10.4%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Springvale | Metro comparison |
|---|---|---|
| 2 | - | $881,200 |
| 3 | $850,000 | $810,000 |
| 4 | $947,100 | $942,350 |
| Insight | Springvale | Metro comparison |
|---|---|---|
| Clearance rate | 78.9% | 78.5% |
| Days on market | 50 | 42 |
Rental data
Median weekly rent
$560
Rental yield
3.3%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Springvale | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $550 | $550 |
| 4 | $660 | $600 |
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