Real Estate Springvale Vic 3171

Springvale (Vic.): Diverse, busy, shopping, cemetery

Housing Market in Springvale (Vic.)

Key Springvale (Vic.) Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$674	Top 28%	180% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Springvale (Vic.)

Springvale (Vic.) Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS, BASIX and Microburbs, 2002 - 2023

Springvale (Vic.)

28.2%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	47.4	Top 20%	65% to Jun 2025
Developments	0.2	Bottom 24%	Data for Jul 2023
Housing Stock Quality Indicator	60.4	Top 11%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
New Dwellings	12	Top 39%	Data for Dec 2020
Number of Subdivisions	71 lots	Top 3%	195% to Aug 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	48	Top 2%	500% to Mar 2025

Housing Stock Quality in Springvale (Vic.)

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings, BASIX and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	70.3%	Bottom 8%	1% to Jan 2021
Average bedrooms - all homes	2.9	Top 17%	Data for Jan 2021
NBN connection: fibreoptic cable to node	25.4%	Top 11%	Data for Jun 2023

Development Restrictions in Springvale (Vic.)

Springvale (Vic.) Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Springvale (Vic.)

34.4%

Melbourne

36.9%

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Suburbs

Field	Value	VS Melbourne	Trend
Total area	8.3 sq km	Top 49%	Data for Jan 2021
Heritage overlay total area	3.4 sq km	Top 3%	Data for Jun 2023
Residential density	285 sqm per resident	Bottom 8%	Data for Jan 2021

Risk in Springvale (Vic.)

Springvale (Vic.) Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Springvale (Vic.)

58.3

Melbourne

49.7

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Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	71.7%	Bottom 7%	1% to May 2023
% Rentals	28.3%	Top 7%	4% to May 2023
Housing Affordability Index	64	Top 5%	Data for Jun 2023
Median monthly mortgage	$1,720	Bottom 38%	16% to May 2023
Rent Affordability Index (Houses)	66	Bottom 6%	Data for Jun 2023
Rent Affordability Index (Units)	57	Bottom 2%	Data for Jun 2023
Mortgage as a percent of income	28.7%	Top 19%	10% to Jan 2021
Mortgaged Dwellings	24.8%	Bottom 14%	6% to May 2023

Housing Demand in Springvale (Vic.)

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Springvale (Vic.)

89.1%

Melbourne

82.9%

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Suburbs

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	28400	Top 4%	26% to Dec 2036
Historical Population (SA3)	201000	Top 3%	24% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	209000	Top 6%	63% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Springvale (Vic.)

Springvale (Vic.) Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$542	Top 34%	146% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	89.5%	Top 19%	12% to Mar 2025

Median House Rental Prices by Street (83)

Street	Date	Median rent (per week)
Flynn St	22 Mar 2025	$675
Fairview St	22 Mar 2025	$550
Glendale Rd	22 Mar 2025	$470
Garnsworthy St	22 Mar 2025	$530
Donald St	22 Mar 2025	$490

LGA Details (1)

Headline	Place	Datetime
Local government area	Greater Dandenong

Planning Applications: Dwellings (22)

Headline	Place	Date
This proposal seeks to formally subdivide an approved development permit for construction of two (2) double storey dwellings (PLN22/0145). An application to subdivide land with an approved development into two lots and common property is being sought. - Streamlined Planning through Electronic Applications and Referrals S245083M	Albert Avenue, Springvale VIC 3171	11 Mar 2025
The proposal is a 4 Lot Subdivision of existing dwellings. The Planning Permit was issued on 20/09/89 and as such, this development is exempt from a Public Open Space Contribution as detailed in Clause 53.01-1 in the Greater Dandenong Planning Scheme. - Streamlined Planning through Electronic Applications and Referrals S244214A	1/21 Royal Avenue, Springvale VIC 3171	21 Feb 2025
Subdivision of Land into Three Lots, to be generally in accordance with the approved Development Permit / Plans. *Please include a condition in the permit to allow the subdivision to be carried out prior to building or alongside construction. As per Amendment VC221 gazetted on 4th August 2022. We wish to advise that this development will be connected to reticulated gas. - Streamlined Planning through Electronic Applications and Referrals S237425A	2 Edmond Street, Springvale VIC 3171	28 Nov 2024
To subdivide the land into three lots prior to construction of the new dwellings. A Section 173 Agreement will be required. - Streamlined Planning through Electronic Applications and Referrals S240188M	27 Virginia Street, Springvale VIC 3171	27 Nov 2024
To subdivide the land into three lots, with each lot to contain one dwelling. - Streamlined Planning through Electronic Applications and Referrals S238564E	4 Princess Avenue, Springvale VIC 3171	26 Oct 2024

Planning Applications: Industrial (1)

Headline	Place	Date
Subdivide land into 3 Lots, with each lot containing an existing warehouse. - Streamlined Planning through Electronic Applications and Referrals S225493V	2-6 Mcwilliam Street, Springvale VIC 3171	14 Mar 2024

Planning Applications: Other (47)

Headline	Place	Date
Removal of part of the easement shown blue on TP456763M as created in Inst.2317018 to the position shown on this plan. Removal of the easement shown green on TP456763M as created in Inst.2317018 - Streamlined Planning through Electronic Applications and Referrals S217948C	242 Springvale Road, Springvale VIC 3171	30 Aug 2023
Restaurant and cafe Licence for a Company - Victorian Gambling and Casino Control Commission 71888A01	4A Windsor Av, Springvale 3171, VIC	07 Sep 2022
Restaurant and cafe Licence for a Company - Victorian Gambling and Casino Control Commission 71866A01	215 Springvale Rd, Springvale 3171, VIC	03 Sep 2022
App.Online - Transfer of licence to Person - Victorian Gambling and Casino Control Commission 69106A02	12A Balmoral Ave, Springvale 3171, VIC	23 Aug 2022
Restaurant and cafe Licence for a Company - Victorian Gambling and Casino Control Commission 71810A01	Unit 2 288 Springvale Rd, Springvale 3171, VIC	23 Aug 2022

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
65.0%	Whitworth Ave	quite tightly held	Every 15.4 years (quite tightly held)	2025
21.4%	Tricia Ave	very tightly held	Every 46.7 years (very tightly held)	2025
75.8%	Grace St	average turnover	Every 13.2 years (average turnover)	2025
72.3%	Stephenson St	average turnover	Every 13.8 years (average turnover)	2025
142.3%	Watt St	very high turnover	Every 7.0 years (very high turnover)	2025

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Metylene Ave	10 May 2024	$767,500
Lenore St	10 May 2024	$887,000
Loller St	10 May 2024	$730,000
Mary St	10 May 2024	$600,000
Mein St	10 May 2024	$850,000

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$503,800	Lewis St
10 May 2024	$299,000	Kelvin Gr
10 May 2024	$1,200,000	Kelly Ct
10 May 2024	$1,050,000	Lightwood Rd
10 May 2024	$450,000	Princes Hwy

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
6 Eden Ave	$800,000	4.0	1.0	3.0	20 Mar 2025	On Market
20 Joyce St	Price Withheld	3.0	1.0	2.0	19 Mar 2025	On Market
791 Heatherton Rd	$780,000	3.0	1.0	2.0	18 Mar 2025	On Market
43 Phillip Ave	$749,000	4.0	1.0	1.0	15 Mar 2025	On Market
12 Emerald Dr	$939,000	3.0	3.0	4.0	14 Mar 2025	On Market

Businesses (100)

Name	Address
Balcross Pty Ltd	1/56 Smith Rd, Springvale VIC 3171, Australia
8con	a4/2A Westall Rd, Springvale VIC 3171, Australia
Pascuzzi Construction	1640 Centre Rd, Springvale VIC 3171, Australia
EGBC PTY LTD	56 Victoria Ave, Springvale VIC 3171, Australia
JBR Building Constructions	49 Albert Ave, Springvale VIC 3171, Australia

Percent of Renters by Street (100)

Percent of Renters	Street
34.8%	Acacia Mews
56.0%	Adrian St
55.7%	Albert Ave
56.9%	Alma Ct
50.2%	Amaryn Ct

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 3, 27-29 Ellen St	$500	2.0	1.0	1.0	18 Mar 2025
Unit 10, 3 Ashdale Ct	$350	1.0	1.0	1.0	17 Mar 2025
Unit 10, 3 Ashdale Ct	$350	1.0	1.0	1.0	17 Mar 2025
Unit 10, 3 Ashdale Ct	$350	1.0	1.0	1.0	17 Mar 2025
Unit 3, 42 Moncur Ave	$550	2.0	1.0	1.0	13 Mar 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
12 Mein St	$700	3	2	2	19 Mar 2025
68 Garnsworthy St	$550	3	1	1	19 Mar 2025
Unit 1, 68 Albert Ave	$660	3	2	1	19 Mar 2025
12 Mein St	$700	3	2	2	19 Mar 2025
68 Garnsworthy St	$550	3	1	1	19 Mar 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
27 Orana Way	$719,500	3.0	2.0	2.0	20 Mar 2025	On Market
27 Orana Way	$719,500	3.0	2.0	2.0	20 Mar 2025	On Market
27 Orana Way	$719,500	3.0	2.0	2.0	20 Mar 2025	On Market
Unit 3, 10 Whiteside St	$647,000	3.0	2.0	1.0	18 Mar 2025	On Market
Unit 6, 17-23 Gunther Ave	$690,000	3.0	1.0	2.0	18 Mar 2025	On Market