Springvale Suburb Profile

Victoria 3171

Springvale has 11,190 properties. Over the last 5 years, Houses in Springvale have seen a 12.84% increase in median value, while Units have seen a 15.02% increase. As at 30 November 2024:

• The median value for Houses in Springvale is $874,309 while the median value for Units is $595,896.
• Houses have a median rent of $550 while Units have a median rent of $500.

The size of Springvale is approximately 11 square kilometres. It has 14 parks covering nearly 3.8% of total area. The population of Springvale in 2011 was 19,770 people. By 2016 the population was 21,697 showing a population growth of 9.7% in the area during that time. The predominant age group in Springvale is 20-29 years. Households in Springvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale work in a labourer occupation. In 2011, 57.4% of the homes in Springvale were owner-occupied compared with 56.2% in 2016.