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ABS 2021 Census · Updated 21 May 2026
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 per year.
Household incomes in Springvale South sit in a comfortable mid-range for the Victoria market.
Official Australia Post postcode for Springvale South. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 3 schools within or near this suburb.
Find schools near Springvale South on My School →Estimated 5 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Springvale South's population of 12,766 sits 72% above the Victoria suburb median of 7,416, giving it a wider tenant and buyer catchment than the average VIC locality. Household income of $77,896/year is 18% below the Victoria median of $95,160, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Median weekly rent of $351 equates to $1,521/month — about 95% of the median mortgage repayment of $1,600/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. 24 km from Melbourne places Springvale South in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs.
Outer-metro suburbs reward careful property selection — aim for homes near infrastructure rather than generic house-and-land packages. Local rents consume roughly 23% of household income — a useful sanity check on tenant affordability.
How Springvale South stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Springvale South sits above the state median; negative means below.
| Metric | Springvale South | VIC median | Δ vs state |
|---|---|---|---|
| Population | 12,766 | 7,416 | +72% |
| Median household income | $77,896/yr | $95,160/yr | -18% |
| Median rent (weekly) | $351 | $380 | -8% |
| Median mortgage (monthly) | $1,600 | $1,950 | -18% |
| Distance to CBD | 24 km | 32 km | -25% |
| Separate houses | 83% | 78% | +5pp |
Pre-inspection briefing for Springvale South — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Springvale South's 12,766-person market and $77,896 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Strong rental coverage: $351/week (~$1,521/month) covers 95% of the $1,600/month median mortgage repayment, so the shortfall sits at just $79/month. Investors targeting positive cash flow should shortlist this suburb.
With 83% houses in a 12,766-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Springvale South property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Springvale South are modest for 2026 — incomes 18% below the VIC median of $95,160 suggest gains will lag headline metro markets. Rental coverage runs at ~95% of the typical mortgage ($1,521/month rent vs $1,600/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 56/100 places Springvale South in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Springvale South scores 56/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 12,766, median household income of $77,896/year and median weekly rent of $351. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Springvale South are proximity to Melbourne (24 km), a median household income of $77,896/year, a dwelling mix that is 83% separate houses, roughly 3 schools and 5 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Springvale South has a usual resident population of approximately 12,766, compared with a Victoria suburb median of 7,416 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Springvale South sits 24 km straight-line from the Melbourne CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.
The most recent census recorded a median weekly rent of $351 in Springvale South, equating to approximately $18,252/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Springvale South is $1,600, or approximately $19,200/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $351 works out to $1,521/month, covering 95% of the median mortgage repayment of $1,600/month. That leaves a $79/month shortfall (around $948/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $1,600 median mortgage, below-median household incomes ($77,896 vs $95,160 state median), the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.