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
$840k
Quarterly price change
0.7%
Metro Melbourne Comparison
$924k
0.4%
| Bedrooms | Springvale South | Metro comparison |
|---|---|---|
| 2 | - | $890,000 |
| 3 | $830,000 | $815,000 |
| 4 | $925,000 | $950,000 |
| Insight | Springvale South | Metro comparison |
|---|---|---|
| Clearance rate | 91.7% | 79.5% |
| Days on market | 38 | 39 |
Rental data
Median weekly rent
$580
Rental yield
3.5%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Springvale South | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $560 | $550 |
| 4 | - | $600 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.