Caroline Springs (VIC 3023): property prices & suburb profile

Caroline Springs property prices

The typical Caroline Springs house sold for around $788,000 in the year to 2025-Q4, +61.6% over 10 years and +19.9% over 5 years.

• Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
• The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
• The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
• Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
• Periods with fewer than 5 recorded sales are excluded.

Caroline Springs medians by quarter

The most recent quarter on record for Caroline Springs is 2025-Q4.

• Sale counts are shown so you can judge how solid each median is.

Who lives in Caroline Springs

Caroline Springs has a median age of 35 and a median household income of $2,134 a week.

• Figures labelled Caroline Springs are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Caroline Springs" and postcode 3023 both extend beyond Caroline Springs.
• SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.

Schools in Caroline Springs

The 8 schools in Caroline Springs sit at the 61st percentile nationally on ACARA's socio-educational index.

• ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
• Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
• Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.

Suburbs near Caroline Springs

Caroline Springs's typical house price of $788,000 is the 12th highest of the 25 Melbourne West suburbs we cover.

• Altona 3018

  $1,201,000 typical house price

• Ascot Vale 3032

  $1,370,000 typical house price

• Deanside 3336

  $690,000 typical house price

• Deer Park 3023

  $689,000 typical house price

• Essendon 3040

  $1,717,000 typical house price

• Footscray 3011

  $938,000 typical house price

• Fraser Rise 3336

  $695,000 typical house price

• Harkness 3337

  $593,000 typical house price

All Melbourne West suburb research

Caroline Springs: common questions

How much does a house cost in Caroline Springs?

About $788,000 across the 12 months to 2025-Q4, from 331 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.

Have Caroline Springs prices gone up?

Prices have risen 61.6% over 10 years and moved +19.9% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.

What do units cost in Caroline Springs?

The typical unit price was around $499,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 77 sales.

Can I see Caroline Springs prices street by street?

Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.

Which schools are in Caroline Springs?

Caroline Springs has 8 ACARA-registered schools, including Brookside P-9 College, Catholic Regional College Caroline Springs, Christ the Priest Catholic Primary School, Creekside K-9 College, Lakeview Senior College, Southern Cross Grammar.