2/492-498 Springvale Road

Springvale South VIC 3172

The size of Springvale South is approximately 4.5 square kilometres. It has 11 parks covering nearly 18.3% of total area. The population of Springvale South in 2011 was 12,183 people. By 2016 the population was 12,771 showing a population growth of 4.8% in the area during that time. The predominant age group in Springvale South is 20-29 years. Households in Springvale South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale South work in a labourer occupation. In 2011, 71.5% of the homes in Springvale South were owner-occupied compared with 71.1% in 2016.

Springvale South has 4,632 properties. Over the last 5 years, Houses in Springvale South have seen a 24.95% increase in median value, while Units have seen a 12.71% increase. As at 31 August 2024:

• The median value for Houses in Springvale South is $825,262 while the median value for Units is $537,637.
• Houses have a median rent of $550 while Units have a median rent of $520.