Springvale, VIC 3171

Springvale, VIC 3171

Compare Part of Greater Dandenong

22.57 km
Distance from CBD
19 k
Population
Median Sale Price
House
-
Updated on Nov 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Nov 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
$865,000
 -0.6% $241,000 $2,000,000 132
2025
$870,000
 +0.6% $842,000 $870,000 2
Median Sale Price
$870K
Based on 131 recorded sales within the last 12 months
Updated on 21 Jan 2025
Suburb Growth
0.0%
Current Median Price: $870,000
Previous Median Price: $870,000
Based on 241 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2024)
Price Range Segments (12 months ending Dec 2024)
Median Weekly Rent Price
House
-
Updated on Nov 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Nov 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 $1,400 147
2025
-
 - - - -
Median Rent Price
$560
per week
Based on 141 recorded rent within the last 12 months
Updated on 21 Jan 2025
Rent Price Growth
+10.7%
Current Median Rent: $560
Previous Median Rent: $500
Based on 291 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.3%
Current Median Price: $870,000
Current Median rent: $560
Based on 272 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2024)

Auction Results For Springvale

Houses sold in Last 12 months ends 18 Jan 2025

$970K

Median Sale Price

71%

Clearance Rate

26/37

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 2

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