Springvale, VIC 3171
Compare Part of Greater Dandenong
22.57 km
Distance from Melbourne CBD
19 k
Population
Auction Times
Thu 21 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 16 Rhodes Street 3 1 2 House | 6:00 PM Thu 21st Nov | Ray White |
Sat 23 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 15 Red Hill Road 8 2 2 House | 11:30 AM Sat 23rd Nov | Harcourts |
 | 6/17-23 Gunther Avenue 3 1 2 Unit | 11:30 AM Sat 23rd Nov | McDonald Real Estate |
 | 45 Goodwood Drive 4 2 1 House | 12:30 PM Sat 23rd Nov | Area Specialist Keysborough |
Sat 30 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 5/21-23 Wilberton Drive 4 2 2 Townhouse | 11:30 AM Sat 30th Nov | McDonald Real Estate |
 | 29 Flynn street 3 2 4 House | 12:00 PM Sat 30th Nov | LJ Hooker |
Wed 4 Dec | Auction Time | Agency | |
|---|---|---|---|
 | 1/13 Kemp Street 4 2 2 House | 6:00 PM Wed 4th Dec | Ray White |
Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $400,000 | 0.0% | $215,000 | $930,000 | 177 |
| 2010 | $490,000 | +18.4% | $160,000 | $2,010,000 | 158 |
| 2011 | $470,000 | -4.3% | $199,500 | $2,010,000 | 133 |
| 2012 | $450,000 | -4.4% | $180,000 | $1,210,000 | 137 |
| 2013 | $452,000 | +0.4% | $228,000 | $1,180,000 | 228 |
| 2014 | $538,000 | +16.0% | $273,000 | $2,147,483,647 | 207 |
| 2015 | $631,000 | +14.7% | $172,000 | $2,000,000 | 145 |
| 2016 | $690,000 | +8.6% | $305,250 | $1,705,000 | 151 |
| 2017 | $800,000 | +13.8% | $490,000 | $3,100,000 | 134 |
| 2018 | $780,000 | -2.6% | $470,000 | $2,120,000 | 89 |
| 2019 | $762,000 | -2.4% | $390,000 | $1,580,000 | 86 |
| 2020 | $785,000 | +2.9% | $525,000 | $1,931,000 | 71 |
| 2021 | $870,000 | +9.8% | $483,000 | $1,850,000 | 140 |
| 2022 | $885,000 | +1.7% | $457,000 | $2,310,000 | 146 |
| 2023 | $870,000 | -1.7% | $555,000 | $2,350,000 | 113 |
| 2024 | $850,000 | -2.4% | $241,000 | $2,000,000 | 116 |
Median Sale Price
$850K
Based on 126 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
-2.9%
Current Median Price: $850,000
Previous Median Price: $875,000
Based on 239 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $320 | 0.0% | $120 | $2,500 | 243 |
| 2012 | $330 | +3.0% | $120 | $1,500 | 318 |
| 2013 | $330 | 0.0% | $105 | $1,040 | 285 |
| 2014 | $345 | +4.3% | $125 | $967 | 211 |
| 2015 | $350 | +1.4% | $145 | $1,600 | 278 |
| 2016 | $370 | +5.4% | $150 | $2,600 | 333 |
| 2017 | $380 | +2.6% | $150 | $1,600 | 306 |
| 2018 | $380 | 0.0% | $170 | $1,733 | 267 |
| 2019 | $390 | +2.6% | $184 | $660 | 213 |
| 2020 | $400 | +2.5% | $190 | $1,477 | 212 |
| 2021 | $400 | 0.0% | $175 | $1,651 | 249 |
| 2022 | $430 | +7.0% | $220 | $1,825 | 234 |
| 2023 | $500 | +14.0% | $50 | $1,100 | 148 |
| 2024 | $560 | +10.7% | $300 | $1,100 | 121 |
Median Rent Price
$560
per week
Based on 140 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+12.5%
Current Median Rent: $560
Previous Median Rent: $490
Based on 283 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.4%
Current Median Price: $850,000
Current Median rent: $560
Based on 266 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For Springvale
Houses sold in Last 12 months ends 16 Nov 2024
$970K
Median Sale Price
68%
Clearance Rate
27/40
Sold/Reported
$1.58M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.4 M - $1.6 M | 3 | |
| $1.2 M - $1.4 M | 3 | |
| $1 M - $1.2 M | 5 | |
| $800 K - $1 M (Median Price Range) | 10 | |
| $600 K - $800 K | 3 | |
Similar Suburbs to Springvale 3171
Based on median house sale price sold in last 12 months
Schools closest to Springvale, VIC 3171
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Springvale Rise Primary School (interim name) Springvale Road Campus | Springvale 3171 | Primary | Government | 0.13 km |
| St Joseph's Parish Primary School | 33 ST JOHN'S AVESpringvale 3171 | Primary | Catholic | 0.33 km |
| Killester College | 433 SPRINGVALE RDSpringvale 3171 | Secondary | Catholic | 0.91 km |
| Minaret College | 36 LEWIS STREETSpringvale 3171 | Combined | Independent | 1.39 km |
| Heatherhill Primary School | 959 HEATHERTON ROADSpringvale 3171 | Primary | Government | 1.4 km |
| Westall Secondary College Westall English Language Centre | Clayton South 3169 | Secondary | Government | 1.7 km |
| Westall Primary School | FAIRBANK ROADClayton South 3169 | Primary | Government | 1.72 km |
| Spring Parks Primary School Valley Campus | Springvale South 3172 | Primary | Government | 1.86 km |
| Keysborough Secondary College | 8-20 JANINE ROADSPRINGVALE SOUTH 3172 | Secondary | Government | 2.03 km |
| Westall Secondary College | 88-128 ROSEBANK AVENUEClayton South 3169 | Secondary | Government | 1.79 km |