Springvale South, VIC 3172
Compare Part of Greater Dandenong
23.90 km
Distance from Melbourne CBD
22 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $380,800 | 0.0% | $305,000 | $910,000 | 82 |
| 2010 | $460,000 | +17.2% | $285,000 | $1,353,000 | 108 |
| 2011 | $418,000 | -10.0% | $302,000 | $810,000 | 80 |
| 2012 | $415,000 | -0.7% | $251,000 | $532,000 | 70 |
| 2013 | $425,000 | +2.4% | $230,000 | $1,080,000 | 110 |
| 2014 | $482,000 | +11.8% | $310,000 | $1,260,000 | 101 |
| 2015 | $575,000 | +16.2% | $300,000 | $1,200,000 | 94 |
| 2016 | $652,800 | +11.9% | $337,000 | $1,200,000 | 76 |
| 2017 | $743,000 | +12.1% | $315,000 | $1,051,000 | 77 |
| 2018 | $720,000 | -3.2% | $500,000 | $915,000 | 54 |
| 2019 | $697,500 | -3.2% | $470,000 | $950,000 | 56 |
| 2020 | $725,111 | +3.8% | $590,000 | $1,090,000 | 41 |
| 2021 | $816,000 | +11.1% | $570,000 | $1,770,000 | 67 |
| 2022 | $835,000 | +2.3% | $620,000 | $1,300,000 | 68 |
| 2023 | $800,000 | -4.4% | $385,000 | $1,500,000 | 57 |
| 2024 | $880,000 | +9.1% | $700,000 | $1,310,000 | 53 |
Median Sale Price
$880K
Based on 53 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
+9.1%
Current Median Price: $880,000
Previous Median Price: $800,000
Based on 110 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $330 | 0.0% | $230 | $450 | 98 |
| 2012 | $320 | -3.1% | $240 | $1,564 | 80 |
| 2013 | $330 | +3.0% | $180 | $500 | 115 |
| 2014 | $335 | +1.5% | $280 | $420 | 67 |
| 2015 | $350 | +4.3% | $240 | $550 | 114 |
| 2016 | $370 | +5.4% | $120 | $550 | 123 |
| 2017 | $385 | +3.9% | $260 | $1,955 | 131 |
| 2018 | $390 | +1.3% | $280 | $1,520 | 92 |
| 2019 | $395 | +1.3% | $300 | $3,120 | 72 |
| 2020 | $400 | +1.3% | $280 | $615 | 74 |
| 2021 | $400 | 0.0% | $320 | $540 | 63 |
| 2022 | $450 | +11.1% | $340 | $720 | 60 |
| 2023 | $500 | +10.0% | $380 | $750 | 41 |
| 2024 | $600 | +16.7% | $475 | $880 | 49 |
Median Rent Price
$600
per week
Based on 49 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+16.7%
Current Median Rent: $600
Previous Median Rent: $500
Based on 90 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.5%
Current Median Price: $880,000
Current Median rent: $600
Based on 102 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Springvale South
Houses sold in Last 12 months ends 21 Dec 2024
$901K
Median Sale Price
74%
Clearance Rate
14/19
Sold/Reported
$1.31M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.2 M - $1.4 M | 2 | |
| $800 K - $1 M (Median Price Range) | 7 | |
| $600 K - $800 K | 1 | |
Similar Suburbs to Springvale South 3172
Based on median house sale price sold in last 12 months
Schools closest to Springvale South, VIC 3172
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Keysborough Secondary College | 8-20 JANINE ROADSPRINGVALE SOUTH 3172 | Secondary | Government | 0.99 km |
| Spring Parks Primary School Valley Campus | Springvale South 3172 | Primary | Government | 1.15 km |
| Keysborough Primary School | 33 COOMOORA ROADSpringvale South 3172 | Primary | Government | 1.3 km |
| Killester College | 433 SPRINGVALE RDSpringvale 3171 | Secondary | Catholic | 1.38 km |
| Heatherhill Primary School | 959 HEATHERTON ROADSpringvale 3171 | Primary | Government | 1.33 km |
| St Joseph's Parish Primary School | 33 ST JOHN'S AVESpringvale 3171 | Primary | Catholic | 2 km |
| Springvale Rise Primary School (interim name) Springvale Road Campus | Springvale 3171 | Primary | Government | 2.14 km |
| Dingley Primary School | 111-115 CENTRE DANDENONG ROADDingley Village 3172 | Primary | Government | 1.88 km |
| Resurrection School | 402 CORRIGAN RDKeysborough 3173 | Primary | Catholic | 2.39 km |
| Haileybury College | Keysborough 3173 | Combined | Independent | 2.55 km |