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City of Greater Dandenong
Springvale

Springvale Property Market
& Suburb Profile

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MEDIAN PRICES IN SPRINGVALE

Median house price

(all agencies, last 12 months)$905k*

House price change

(all agencies, last 12 months)+9.5%

Median unit price

(all agencies, last 12 months)$625k*

Unit price change

(all agencies, last 12 months)+0.89%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

SPRINGVALE PRICE TRACKER

HousesUnits

SPRINGVALE SALES OVERVIEW

  • Sold by Auction 50%
  • Sold by Private Sale or Other Method 50%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)36

Average days on market (units)

(all agencies, 12 months)39

Auction clearance rate in Springvale

(all agencies, last 12 months)61%

Average held period in Springvale

(proptrack)12 years

SPRINGVALE INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$594pw

House rental price change

(all agencies, last 12 months)0.03%

Median rental price for Units

(all agencies, last 12 months)$538pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)3.27%

Average rental yield for Units

(all agencies, last 12 months)4.6%

Springvale total population size

(as at the last census)22,174

Median household size in Springvale

(as at the last census)2.9

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

SPRINGVALE PROPERTY TYPES

  • Houses 39%
  • Units 28%
  • Other 33%

OCCUPANCY IN SPRINGVALE

  • Owned 55%
  • Rented 39%
  • Other/Not Stated 6%
  • Singles 22%
  • Families 71%
  • Other 7%

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ABOUT SPRINGVALE

Springvale is a vibrant, multicultural powerhouse located approximately 22 kilometres southeast of the Melbourne CBD. Renowned as one of Australia’s most significant Vietnamese and Southeast Asian cultural hubs, it offers a sensory-rich lifestyle defined by its bustling markets, high-energy commercial center, and deep community roots.

The lifestyle in Springvale is anchored by the iconic Springvale Central and the Springvale Market, which attract visitors from across Victoria for authentic Asian groceries, textiles, and street food. The suburb’s social and civic heart is the Springvale Community Hub, an award-winning facility featuring a modern library, sprawling green spaces, and outdoor recreation areas. In 2025, the hub remains a central point for community-led initiatives, such as the monthly Urban Harvest produce swaps and "Sustainability Saturdays." The suburb is also famous for its diverse faith-based landmarks, including the Bright Moon Buddhist Temple, which serves as a major cultural and spiritual center for the region.

Significant infrastructure projects are currently enhancing the suburb's connectivity and urban fabric. While the major grade separation at Springvale Road was completed years ago, 2025 has seen a focus on the Eastern Freeway Upgrades (Tram to Springvale Road). This massive "Big Build" project is currently in the early works phase, aiming to add new express lanes and elevated ramps to improve traffic flow between Springvale and the city. Additionally, the suburb's transport backbone—the Springvale Railway Station—continues to serve as a premium hub for the Pakenham and Cranbourne lines. From February 2026, the station's service pattern will evolve to include direct links through the new Metro Tunnel, providing residents with seamless access to Town Hall and the northern suburbs.

Education is a primary pillar of the community, characterized by an inclusive and multicultural approach. Springvale Rise Primary School is a local leader, recognized for its nationally-awarded Community Hub that supports migrant families and fosters strong school-home partnerships. Other key local options include Spring Parks Primary School and Minaret College, which provides high-quality independent education from Prep to Year 12. The suburb is also within easy reach of Monash University’s Clayton campus, making it a popular residential choice for international students and academic staff.

Education is a primary pillar of the community, characterised by an inclusive and multicultural approach. Springvale Rise Primary School is a local leader, recognized for its nationally-awarded Community Hub that supports migrant families and fosters strong school-home partnerships. Other key local options include Spring Parks Primary School and Minaret College, which provides high-quality independent education from Prep to Year 12. The suburb is also within easy reach of Monash University’s Clayton campus, making it a popular residential choice for international students and academic staff..

Education

Heatherhill Primary School
Killester College
Minaret College
Spring Parks Primary School
Springvale Park Special Developmental School
Springvale Rise Primary School
St Joseph's School
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SPRINGVALE MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025283$765,0009.50%445$566pw3.93%
2024266$726,750-1.19%424$544pw4.00%
2023252$727,500-4.00%444$521pw3.90%
2022299$750,0008.29%633$442pw3.33%
2021391$709,0004.26%715$406pw2.93%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025283$765,000+9.50%
2024266$726,750-1.19%
2023252$727,500-4.00%
2022299$750,000+8.29%
2021391$709,000+4.26%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025445$566pw3.93%
2024424$544pw4.00%
2023444$521pw3.90%
2022633$442pw3.33%
2021715$406pw2.93%

PROUDLY SERVICING Springvale

Barry Plant
Noble Park

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.