The Springvale South median house price is $830,000, recorded for the April–June 2025 quarter according to DataVic/REIV data. That figure represents a quarterly rise of 3.8% and a year-on-year gain of 5.7%, making Springvale South one of the more consistently growing pockets in Melbourne’s south-eastern corridor. Whether you are buying, selling, or investing in Springvale South, understanding what sits behind that headline number is essential before you act.

What Is the Springvale South Median House Price Right Now?

Based on DataVic/REIV figures for the April–June 2025 quarter, the key price benchmarks across all dwelling types in Springvale South are:

• Houses: $830,000 median sale price (QoQ +3.8%, YoY +5.7%)
• Units: $600,000 median sale price (QoQ -10.4%, YoY -0.7%)
• Land: $520,000 median sale price (QoQ +1.5%, YoY +1.4%)

The house market is clearly the standout performer. A 5.7% year-on-year increase on a base of $830,000 means the typical Springvale South house has added roughly $44,810 in value over the past 12 months. That is a meaningful gain in real dollar terms, and it outpaces many comparable suburbs in Melbourne’s middle ring.

The unit segment tells a different story. A quarterly decline of 10.4% off a median of $600,000 signals softening demand in that category, though the year-on-year movement of -0.7% suggests the longer-term trend remains relatively flat rather than in freefall. Investors and buyers targeting units in Springvale South should weigh this context carefully before committing.

Land values at $520,000 have held steadier, with modest but positive growth both quarter-on-quarter (+1.5%) and year-on-year (+1.4%), reflecting ongoing demand from owner-occupiers seeking to build in an established suburb with good amenity.

What Do the Numbers Say About the Springvale South Property Market?

Numbers only make sense in context. Here is what the data tells us about the people and conditions driving Springvale South property values.

Who Lives in Springvale South?

According to ABS Census 2021 data, Springvale South has a population of 12,766 residents, with a median age of 38.0 years. That age profile points to a suburb dominated by established families and working-age households rather than first-home buyers or retirees. The median household income is $1,498 per week, which comfortably supports mortgage repayments on properties in the sub-$900,000 range when combined with current lending conditions.

The median rent of $351 per week (ABS Census 2021) reflects an affordable entry point for tenants, which keeps rental demand healthy. For anyone investing in Springvale South, a $351 per week rent against a $830,000 house price implies a gross rental yield of approximately 2.2% on census-era rents. More recent rental asking prices tracked by SQM Research typically sit higher, improving that yield outlook for current investors.

Supply, Demand and What Is Driving Growth

Springvale South benefits from its position between Springvale Road and Westall Road, with proximity to both the Dandenong Corridor employment hub and Monash University. Infrastructure investment along the South East Light Rail corridor continues to underpin long-term buyer confidence in this precinct. CoreLogic data for comparable south-eastern suburbs indicates days on market have compressed over the past 18 months, a signal of persistent buyer demand relative to available stock.

The Reserve Bank of Australia’s 2025 rate adjustment cycle has also eased borrowing pressure for owner-occupiers, supporting the house price recovery that the QoQ and YoY gains above reflect.

What Are the Key Considerations for Buying, Selling or Investing in Springvale South?

Buying in Springvale South

Buyers targeting Springvale South in 2026 should anchor their budget expectations to the $830,000 house median, while understanding that well-presented four-bedroom homes on full blocks regularly transact above that level. Properties with rear lane access or dual occupancy potential attract a premium given the land value of $520,000 for vacant sites.

• Budget for purchasing costs of approximately 5–6% on top of the purchase price (stamp duty, conveyancing, building inspection).
• Check the City of Greater Dandenong planning overlays, particularly the Neighbourhood Residential Zone (NRZ) and General Residential Zone (GRZ) designations, which govern development potential.
• Engage a conveyancer early. Section 32 vendor statements in this suburb frequently include covenants and easements worth scrutinising.

Selling in Springvale South

With year-on-year house price growth of 5.7%, vendor conditions in Springvale South remain favourable heading into 2026. Presentation, marketing reach and agent negotiation skill continue to determine whether a property sells at, above, or below the median. Accurate pricing based on recent comparable sales is critical: overpricing in a market where units have softened (-10.4% QoQ) risks extended days on market and price reductions that erode final sale outcomes.

Investing in Springvale South

For investors, the house segment’s consistent capital growth trajectory is the primary appeal. The unit segment’s short-term softness may represent a buying opportunity for those with a longer hold horizon, particularly as rental demand in Greater Dandenong continues to strengthen. Always stress-test your numbers against current rental market data rather than 2021 census figures, given how much rents have shifted since that period.

If you want to compare yield profiles across Melbourne, our guides to median house prices in Reservoir and median house prices in Preston provide useful benchmarks for suburbs with similar demographic and price profiles.

How Does Collings Real Estate Help Springvale South Property Owners and Buyers?

Collings Real Estate is an independent Melbourne agency with deep expertise across suburb-level data and on-the-ground negotiation. Our team works with buyers, sellers, landlords and investors to convert raw price data into confident property decisions.

Free Property Appraisal

The single most useful first step for any Springvale South property owner is understanding what their asset is worth in the current market. Our appraisals are grounded in recent comparable sales, current buyer enquiry levels, and suburb-specific condition adjustments. There is no obligation and no cost.

Request a free property appraisal today by calling us on 03 9486 2000, emailing info@collings.com.au, or visiting us at 230 Waterdale Road, Ivanhoe, VIC 3079.

Off-Market and Pre-Market Access

A significant share of Springvale South properties change hands without ever appearing on the public portals. Buyers and investors who register on the Collings off-market portal gain early access to these opportunities before they reach the broader market. You can sign up at collings.com.au/portal to receive matched listings as they become available.

Suburb Intelligence Across Melbourne

Springvale South sits within a broader network of suburbs that Collings tracks closely. If you are weighing up value across Melbourne’s middle ring, our analysis of median house prices in Northcote offers a useful point of comparison for buyers considering inner-north alternatives at different price points.

Frequently Asked Questions About Springvale South Median House Prices

Below are the most common questions we receive from buyers, sellers and investors researching Springvale South property.

What is the current median house price in Springvale South?

The median house price in Springvale South is $830,000 for the April–June 2025 quarter, according to DataVic/REIV data. This reflects a quarterly increase of 3.8% and a year-on-year increase of 5.7%.

What is the median unit price in Springvale South?

The median unit price in Springvale South is $600,000 for the April–June 2025 quarter (DataVic/REIV). Units recorded a quarterly decline of 10.4% and a year-on-year decline of 0.7%, indicating short-term softness in the apartment segment.

How much has the Springvale South house price grown year-on-year?

Springvale South house prices grew by 5.7% year-on-year to the end of June 2025, based on DataVic/REIV figures. On a median of $830,000, that equates to approximately $44,810 in value added over 12 months.

What is the median household income in Springvale South?

According to ABS Census 2021 data, the median household income in Springvale South is $1,498 per week. The median age is 38.0 years and the total population is 12,766 residents.

How do I get a free property appraisal in Springvale South?

You can request a free property appraisal from Collings Real Estate by calling 03 9486 2000, emailing info@collings.com.au, or visiting the office at 230 Waterdale Road, Ivanhoe, VIC 3079. There is no cost and no obligation.

Conclusion

Springvale South’s median house price of $830,000 (April–June 2025, DataVic/REIV) reflects a suburb with genuine growth momentum, supported by strong demographics, proximity to employment hubs, and limited new supply. House values have risen 5.7% year-on-year, land is holding steady, and units present a more nuanced picture for buyers and investors to examine closely. Whether you are buying, selling, or building a property portfolio in Springvale South, Collings Real Estate provides the suburb-specific expertise and market data to help you move with confidence. Contact us today on 03 9486 2000 or request a free appraisal to find out exactly what your Springvale South property is worth in today’s market.