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Suburb Insights ยท VIC 3172

Springvale South 3172, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Springvale South is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 12,766, making it a smaller community. Located approximately 24 km from the Melbourne CBD, Springvale South is a outer metro area in Victoria. The median household income is $77,896 AUD per year (ABS 2021 Census).

Investment Score

56 / 100 Moderate

Household incomes in Springvale South sit in a comfortable mid-range for the Victoria market.

Location

Map shows Springvale South, Victoria, Australia.

Key Indicators

Postcode
3172

Official Australia Post postcode for Springvale South. A postcode may cover multiple suburbs.

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Population
12,766

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$351/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$77,896/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
24 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
3

Estimated 3 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
5

Estimated 5 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,600/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
83% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Springvale South's outer-metropolitan position means more affordable entry points for investors, with potential for capital growth as infrastructure extends outward. Demand is often driven by young families seeking space and value. The median rent of $351/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,600/month. The median household income of $77,896/year reflects a solid demographic, supporting sustainable rental demand. 83% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Springvale South could work well with careful property selection and a longer time horizon.

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Rental Yield

Springvale South can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Springvale South's established market and growing population make it a viable location for value-add renovations.

Risk Factors

Run the numbers on a Springvale South property

Full Property Analysis

30-year projections for Springvale South

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Springvale South is expected to see moderate price growth in 2026 as the broader Victoria market stabilises. The rental market in Springvale South should see steady occupancy, with moderate upward pressure on rents. Springvale South offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Springvale South a good suburb for investment?

Springvale South is a outer metro area in Victoria with a population of 12,766. The median rent is $351/week and the median household income is $77,896/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Springvale South?

Key demand drivers in Springvale South include affordability relative to inner suburbs and expanding infrastructure. 83% of dwellings are separate houses. The area has approximately 3 schools and 5 parks nearby.

What is the population of Springvale South?

According to the ABS 2021 Census, Springvale South has a population of approximately 12,766. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Springvale South from the Melbourne CBD?

Springvale South is approximately 24 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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