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ABS 2021 Census · Updated 21 May 2026
Springvale is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 22,174, making it a sizeable community. Located approximately 23 km from the Melbourne CBD, Springvale is a outer metro area in Victoria. The median household income is $72,904 per year.
Household incomes in Springvale sit in a comfortable mid-range for the Victoria market.
Official Australia Post postcode for Springvale. 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 6 schools within or near this suburb.
Find schools near Springvale on My School →Estimated 9 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.
With 22,174 residents, Springvale is one of Victoria's more populous suburbs — roughly 3.0× the state median of 7,416 — giving it a deep buyer and tenant pool that typically supports higher transaction volumes and shorter average days on market. Springvale's median household income of $72,904/year is 23% below the Victoria suburb median ($95,160) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Rent of $357/week (88% coverage of the $1,750/month median mortgage) leaves a gap of roughly $203/month that a typical investor bridges with negative gearing, depreciation and capital growth. 23 km from Melbourne places Springvale in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs.
This suburb suits long-term investors due to steady population growth and affordable entry prices. Look for established streets close to schools and shops rather than raw new-estate land. Local rents consume roughly 25% of household income — a useful sanity check on tenant affordability.
How Springvale stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Springvale sits above the state median; negative means below.
| Metric | Springvale | VIC median | Δ vs state |
|---|---|---|---|
| Population | 22,174 | 7,416 | +199% |
| Median household income | $72,904/yr | $95,160/yr | -23% |
| Median rent (weekly) | $357 | $380 | -6% |
| Median mortgage (monthly) | $1,750 | $1,950 | -10% |
| Distance to CBD | 23 km | 32 km | -28% |
| Separate houses | 64% | 78% | -14pp |
Pre-inspection briefing for Springvale — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: household incomes 23% below the VIC median ($72,904 vs $95,160) means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Strong rental coverage: $357/week (~$1,547/month) covers 88% of the $1,750/month median mortgage repayment, so the shortfall sits at just $203/month. Investors targeting positive cash flow should shortlist this suburb.
Only 64% of dwellings are separate houses (vs 78% VIC median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Springvale property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Springvale are modest for 2026 — incomes 23% below the VIC median of $95,160 suggest gains will lag headline metro markets. Rental coverage runs at ~88% of the typical mortgage ($1,547/month rent vs $1,750/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 53/100 places Springvale 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 scores 53/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 22,174, median household income of $72,904/year and median weekly rent of $357. 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 are proximity to Melbourne (23 km), a median household income of $72,904/year, a dwelling mix that is 64% separate houses, roughly 6 schools and 9 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 has a usual resident population of approximately 22,174, 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 sits 23 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 $357 in Springvale, equating to approximately $18,564/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 is $1,750, or approximately $21,000/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 $357 works out to $1,547/month, covering 88% of the median mortgage repayment of $1,750/month. That leaves a $203/month shortfall (around $2,436/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 $1,750 median mortgage, below-median household incomes ($72,904 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.