Springvale South (VIC 3172): property prices & suburb profile

Springvale South property prices

The typical Springvale South house sold for around $838,000 in the year to 2025-Q4, +79.1% over 10 years and +25.3% 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.

Springvale South medians by quarter

The most recent quarter on record for Springvale South is 2025-Q4.

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

Who lives in Springvale South

Springvale South has a median age of 38 and a median household income of $1,498 a week.

• Figures labelled Springvale South are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Springvale South" and postcode 3172 both extend beyond Springvale South.
• 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 Springvale South

The 4 schools in Springvale South sit at the 28th 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 Springvale South

Springvale South's typical house price of $838,000 is the 39th highest of the 59 Melbourne South East suburbs we cover.

• Aspendale 3195

  $1,427,000 typical house price

• Beaconsfield 3807

  $969,000 typical house price

• Beaumaris 3193

  $2,125,000 typical house price

• Bentleigh 3204

  $1,710,000 typical house price

• Bentleigh East 3165

  $1,539,000 typical house price

• Berwick 3806

  $897,000 typical house price

• Bonbeach 3196

  $1,139,000 typical house price

• Botanic Ridge 3977

  $921,000 typical house price

All Melbourne South East suburb research

Springvale South: common questions

How much does a house cost in Springvale South?

About $838,000 across the 12 months to 2025-Q4, from 95 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 Springvale South prices gone up?

Prices have risen 79.1% over 10 years and moved +25.3% 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 Springvale South?

The typical unit price was around $628,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 49 sales.

Can I see Springvale South 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 Springvale South?

Springvale South has 4 ACARA-registered schools: Athol Road Primary School, Hoa Nghiem Primary School, Keysborough Primary School, Keysborough Secondary College.