Springvale, VIC 3171
Compare Part of Greater Dandenong
22.57 km
Distance from Melbourne CBD
19 k
Population
Auction Times
Sat 27 Apr | Auction Time | Agency | |
|---|---|---|---|
 | 56 St Johns Avenue 5 2 2 House | 11:30 AM Sat 27th Apr | Harcourts |
 | 1/36 Royal Avenue 3 2 2 Townhouse | 12:00 PM Sat 27th Apr | LE & CO ESTATE AGENTS |
 | 3/10 Whiteside Street 2 2 1 Townhouse | 2:30 PM Sat 27th Apr | Area Specialist Keysborough |
Sat 4 May | Auction Time | Agency | |
|---|---|---|---|
 | 12 Webb Avenue 3 1 2 House | 11:00 AM Sat 4th May | Biggin & Scott Glen Waverley |
 | 42 Emerald Drive 3 1 1 House | 12:00 PM Sat 4th May | McDonald Real Estate |
 | 21 Moishe Circuit 4 2 2 House | 1:00 PM Sat 4th May | Barry Plant |
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | $845,000 | -3.0% | $580,000 | $2,000,000 | 41 |
Median Sale Price
$875K
Based on 117 recorded sales within the last 12 months
Updated on 23 Apr 2024
Suburb Growth
-0.6%
Current Median Price: $875,000
Previous Median Price: $880,000
Based on 256 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | 147 |
| 2024 | $560 | +10.7% | $430 | $1,050 | 27 |
Median Rent Price
$520
per week
Based on 129 recorded rent within the last 12 months
Updated on 23 Apr 2024
Rent Price Growth
+13.5%
Current Median Rent: $520
Previous Median Rent: $450
Based on 322 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.1%
Current Median Price: $875,000
Current Median rent: $520
Based on 246 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Springvale
Houses sold in Last 12 months ends 20 Apr 2024
$901K
Median Sale Price
65%
Clearance Rate
22/34
Sold/Reported
$1.64M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.6 M - $1.8 M | 1 | |
| $1.2 M - $1.4 M | 2 | |
| $1 M - $1.2 M | 2 | |
| $800 K - $1 M (Median Price Range) | 11 | |
| $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 |