The median house price in Springvale is approximately $895,000 as at mid-2026 (source: Collings suburb data, Domain). Units and townhouses have a median of $580,000. Springvale is one of the most affordable established suburbs within 25km of the Melbourne CBD, driven by strong multicultural community roots, excellent transport links, and significant infrastructure investment in the Greater Dandenong corridor.
Springvale Price History
| Year | Median House Price | Annual Growth |
|---|---|---|
| 2021 | $760,000 | +9.2% |
| 2022 | $820,000 | +7.9% |
| 2023 | $845,000 | +3.0% |
| 2024 | $870,000 | +3.0% |
| 2025 | $882,000 | +1.4% |
| 2026 | $895,000 | +1.5% |
What Drives Prices in Springvale?
- Affordability: Entry-level pricing relative to inner Melbourne attracts first-home buyers and investors seeking yield.
- Transport: Springvale station on the Cranbourne/Pakenham line, plus major arterials, makes this a commuter suburb.
- Dandenong growth corridor: Major employment, retail and infrastructure investment in greater Dandenong lifts the entire surrounding precinct.
- Rental yield: 4.5–5.4% gross yield makes Springvale a solid cash-flow play for investors.
Access Off-Market Springvale Properties
Find Springvale investment properties before they hit Domain or REA through the Collings Property Platform. collings.com.au/portal
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