All About Springvale, Greater Dandenong, VIC, 3171
Springvale, a suburb located within the City of Greater Dandenong in Victoria, Australia, is known for its vibrant multicultural community and bustling local economy. Over recent years, the housing market in Springvale has experienced significant growth, reflecting broader trends in the Greater Melbourne area. This growth is driven by a combination of factors including Springvale's appealing location, affordable housing options compared to inner-city Melbourne, and excellent transport links, such as the Springvale railway station providing convenient access to the Melbourne CBD. The suburb features a variety of housing options, from traditional post-war homes to modern apartments and townhouses, catering to a diverse demographic including families, young professionals, and retirees. This diversity, coupled with a bustling marketplace and local amenities, adds layers of appeal to prospective homebuyers and investors.
Living in Springvale offers residents a richly layered cultural experience, greatly influenced by the suburb's significant Asian community. This cultural diversity is most evident in Springvale's vibrant dining scene, with an array of restaurants offering authentic Asian cuisine alongside established local eateries, making it a food lover's paradise. Additionally, Springvale boasts numerous retail outlets, fresh produce markets, and cultural festivals, which enhance its reputation as a lively and dynamic place to live. Families benefit from access to a variety of schools and recreational facilities, including parks and sporting clubs. The suburb also provides vital services such as healthcare centers and community support networks, fostering a community-centric environment. Overall, Springvale is a suburb that combines cultural richness with practical conveniences, making it an attractive and inclusive place to call home.
Household Makeup
| Median Weekly Rent | $357.03 |
| Median Monthly Mortgage | $1586.17 |
| Median Persons Per bed houseroom | 1.03 |
| Average Household Size | 3.03 |
| Average Age | 35.28 |
| Average Income | $552.03 |
| Average Cars Per Dwelling | 1.68 |
| Average Properties Within 50M | 46 |
| Typical 1 bed house | $725,000 |
| Typical 2 bed house | $785,000 |
| Typical 3 bed house | $1,144,000 |
| Typical 4 bed house | $1,289,000 |
| Typical 5 bed house | $1,562,000 |
| Typical 6 bed+ house | $1,491,000 |
Housing Stock
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Springvale Real Estate Market Outlook
Thinking about buying in Springvale? Now could not be a better time, with 12840 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $921,000 with prices in this suburb ranging from $97,000 to $7,015,000. Springvale is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
In Springvale there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Springvale is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Springvale provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Springvale requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. With very low industrial sector presence in Springvale the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationLocal Schools
Heatherhill Primary School
Springvale Park Special Developmental School
Springvale Rise Primary School
Spring Parks Primary School
St Joseph's School
Killester College
Minaret College
Wellington Secondary College
St John Vianney's School
Carwatha College P-12
(While the above schools are located with the suburb of Springvale there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Springvale weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 2.4 | 19.3 | 33.5 | 31.8 | 83.6 | 4.9 | 25.6 |
| Feb | 2.2 | 18.4 | 32.2 | 34.0 | 83.8 | 5.1 | 22.8 |
| Mar | 2.5 | 17.0 | 30.3 | 37.4 | 87.5 | 4.7 | 20.0 |
| Apr | 0.5 | 12.3 | 27.0 | 34.4 | 87.5 | 4.0 | 17.8 |
| May | 1.1 | 7.9 | 22.7 | 38.0 | 89.1 | 3.7 | 14.6 |
| Jun | 1.0 | 5.5 | 20.3 | 41.0 | 88.9 | 3.6 | 12.4 |
| Jul | 0.7 | 4.1 | 20.3 | 36.2 | 87.4 | 3.6 | 13.9 |
| Aug | 0.4 | 4.3 | 22.8 | 26.2 | 81.2 | 3.8 | 16.8 |
| Sept | 0.5 | 7.9 | 27.0 | 22.9 | 82.9 | 4.2 | 22.1 |
| Oct | 1.6 | 12.4 | 28.6 | 27.7 | 85.6 | 4.6 | 24.4 |
| Nov | 1.1 | 14.9 | 32.4 | 19.5 | 79.3 | 5.0 | 26.9 |
| Dec | 1.6 | 18.3 | 33.6 | 25.6 | 79.6 | 5 | 25.2 |
source: Australian Government Bureau of Meteorology
Public Transport
Dalby - Greater then 10KM
Nearby Suburbs
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