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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Sales Detail
Population
Population growth drivers in Springvale are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends
Springvale's population, as of August 2025, is around 24,287. This figure reflects an increase of 9.2% since the 2021 Census, which reported a population of 22,248 people. The change is inferred from the estimated resident population of 24,111 as of June 2024 and an additional 352 validated new addresses since the Census date. This results in a population density ratio of 2,186 persons per square kilometer, which exceeds the average across national locations assessed by AreaSearch. Springvale's growth rate of 9.2% since the 2021 census is higher than that of the SA3 area (6.7%) and the national average, positioning it as a growth leader in the region. Overseas migration contributed approximately 90.5% of overall population gains during recent periods.
AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch uses the VIC State Government's Regional/LGA projections released in 2023, adjusted using weighted aggregation from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. According to demographic trends, a significant population increase is forecast for the top quartile of national areas. By 2041, Springvale's population is expected to grow by 6,240 persons, representing an overall increase of 25.0% over the 17-year period.
Frequently Asked Questions - Population
Development
Recent residential development output has been above average within Springvale when compared nationally
Springvale has recorded approximately 103 residential properties granted approval each year over the past five financial years, totalling 519 homes. As of FY-26, 49 approvals have been recorded. On average, around 0.7 people per year moved to the area for each dwelling built between FY-21 and FY-25. New supply is keeping pace with or exceeding demand, providing ample buyer choice and capacity for population growth beyond current forecasts.
The average construction value of new homes is $530,000. In FY-26, $36.9 million in commercial approvals have been registered, indicating high levels of local commercial activity. Compared to Greater Melbourne, Springvale has recorded 19.0% above the regional average for construction per person over the past five years. New building activity consists of 35.0% standalone homes and 65.0% townhouses or apartments, creating more affordable entry points for downsizers, investors, and first-home buyers. This shift reflects reduced availability of development sites and addresses changing lifestyle demands and affordability requirements.
Currently, there are approximately 226 people per dwelling approval in Springvale, indicating room for growth. By 2041, the population is expected to grow by 6,064 residents. Development is keeping pace with projected growth, though buyers may face increasing competition as the population expands.
Frequently Asked Questions - Development
Infrastructure
Springvale has strong levels of nearby infrastructure activity, ranking in the top 40% nationally
Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified twenty projects that could affect this region. Notable ones are the mixed-use developments at 1, 3 & 5 Kintore Street, Springvale revitalization, undergrounding of Springvale Railway Station, and the Kennedy Community Centre - Hawthorn Football Club Training Facility. The following list highlights those most relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.
Frequently Asked Questions - Infrastructure
Revitalising Springvale
Council-led urban renewal program for the Springvale Activity Centre. Current focus is completing and enhancing Springvale Boulevard (Springvale Road between Balmoral Ave and Windsor Ave) with upgraded footpaths, lighting, seating, greenery, gateway thresholds and public art, plus improvements to Multicultural Place under the Springvale Revitalisation Action Plan (SRAP).
Springvale Railway Station Underground
Level crossing removal and premium underground station completed in 2014. Railway line elevated and new station facilities built underground with improved accessibility, removing major road congestion at Springvale Road.
Douglas Apartments
A five-level residential apartment building with 97 energy-efficient social apartments and 6 ground floor retail tenancies, providing community housing in partnership with HousingFirst and governments. The project is 100% social housing funded jointly by Victorian and Commonwealth governments through the Housing Australia Future Fund and Big Housing Build initiatives. Located adjacent to Noble Park train station and designed by DKO Architecture.
Kennedy Community Centre - Hawthorn Football Club Training Facility
World-class $113 million elite training and administration facility for Hawthorn Football Club on 28 hectares. Features include AFLW and community oval with 500-seat grandstand, Harris Elite Training and Administration Facility with indoor training field, aquatic facilities, MCG-sized oval, and community amenities. Will serve as headquarters for both AFL and AFLW programs plus community use for at least 20 hours per week. The Hawks, founded in 1902 with 13 AFL premierships, will be the only AFL club to own its own facility and land. Current HQ: Bunjil Bagora, Waverley Park, Mulgrave.
Monash Accommodation Student Housing Development
New student accommodation towers with 800+ beds, study spaces, communal facilities, dining and retail. Modern sustainable design with solar panels and rainwater harvesting. Supporting growing student population at Monash University Clayton campus.
Noble Park Aquatic Centre Redevelopment
Complete redevelopment of the aquatic centre featuring Melbournes largest water slide, modern pool facilities, upgraded change rooms, accessibility improvements and enhanced family amenities.
Springvale Community Hub and Boulevard
World-class community facility with public library, community rooms, learning areas, exhibition space, conference facilities and Springvale Road boulevard transformation. 6-Star Green Star Rating with net zero emissions.
Waverley Woods Estate
Exclusive residential development by Tre Towers featuring 27 meticulously designed homes with spacious interiors and private outdoor sanctuaries. Positioned on elevated site next to Tirhatuan Wetlands, accessed via Katoomba Drive.
Employment
AreaSearch analysis reveals Springvale recording weaker employment conditions than most comparable areas nationwide
Springvale's workforce is well-educated with strong representation in manufacturing and industrial sectors. The unemployment rate was 5.1% as of June 2025, with an estimated employment growth of 3.9% over the past year.
As of that date, 11,843 residents were employed while the unemployment rate was 0.5% higher than Greater Melbourne's rate of 4.6%. Workforce participation in Springvale was significantly lower at 53.9%, compared to Greater Melbourne's 64.1%. Key industries for employment among residents include manufacturing, health care & social assistance, and retail trade. Manufacturing stands out with employment levels at 2.3 times the regional average.
Conversely, education & training showed lower representation at 4.6% versus the regional average of 9.2%. Many residents commute elsewhere for work based on Census data. Between June 2024 and June 2025, employment levels increased by 3.9%, labour force grew by 4.4%, leading to an unemployment rise of 0.5 percentage points. Greater Melbourne recorded similar trends with employment growth of 3.5% and unemployment rising by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment expansion by 6.6% over five years and 13.7% over ten years. Applying these projections to Springvale's employment mix suggests local growth of approximately 5.5% over five years and 12.2% over ten years, though these are simple extrapolations for illustrative purposes only.
Frequently Asked Questions - Employment
Income
Income figures position the area below 75% of locations analysed nationally by AreaSearch
AreaSearch's aggregation of the latest postcode level ATO data released for financial year 2022 shows Springvale had a median income among taxpayers of $41,040 and an average level of $47,974. These figures are below the national averages of $54,892 and $73,761 across Greater Melbourne respectively. Based on Wage Price Index growth of 12.16% from financial year 2022 to September 2025, estimated median income is approximately $46,030 and average income is around $53,808. According to the 2021 Census figures, individual incomes in Springvale are at the 7th percentile ($558 weekly), while household incomes are at the 29th percentile. Income distribution data indicates that 31.8% of the population (7,723 individuals) fall within the $1,500 - $2,999 income range, similar to regional levels where 32.8% occupy this range. Housing affordability pressures are severe in Springvale, with only 82.3% of income remaining after housing costs, ranking at the 27th percentile.
Frequently Asked Questions - Income
Housing
Springvale displays a diverse mix of dwelling types, with above-average rates of outright home ownership
In Springvale, as per the latest Census data, 69.4% of dwellings were houses while 30.6% consisted of other types such as semi-detached homes and apartments. This is compared to Melbourne's metropolitan area which had 72.1% houses and 28.0% other dwellings. Home ownership in Springvale stood at 33.6%, similar to Melbourne metro, with the rest being mortgaged (24.5%) or rented (41.9%). The median monthly mortgage repayment was $1,745, lower than Melbourne's average of $1,800. Weekly rent in Springvale averaged at $356 compared to Melbourne's $350. Nationally, Springvale's mortgage repayments were below the Australian average of $1,863 and rents were less than the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Springvale features high concentrations of group households, with a higher-than-average median household size
Family households comprise 71.3% of all households, including 32.6% couples with children, 22.0% couples without children, and 13.7% single parent families. Non-family households make up the remaining 28.7%, with lone person households at 21.9% and group households comprising 6.8%. The median household size is 2.9 people, larger than the Greater Melbourne average of 2.8.
Frequently Asked Questions - Households
Local Schools & Education
Educational outcomes in Springvale fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment
Educational qualifications in Springvale trail regional benchmarks; 27.1% of residents aged 15+ hold university degrees compared to 37.0% in Greater Melbourne. This gap highlights potential for educational development and skills enhancement. Bachelor degrees lead at 18.5%, followed by postgraduate qualifications (7.2%) and graduate diplomas (1.4%). Vocational pathways account for 21.4% of qualifications among those aged 15+ - advanced diplomas (9.6%) and certificates (11.8%).
Educational participation is notably high, with 30.1% of residents currently enrolled in formal education; this includes 7.4% in tertiary education, 7.3% in primary education, and 6.5% pursuing secondary education. A robust network of nine schools operates within Springvale, educating approximately 5,559 students while the area demonstrates typical Australian school conditions (ICSEA: 977) with balanced educational opportunities; the educational mix includes six primary, one secondary, two K-12 schools. School capacity exceeds typical residential needs (22.9 places per 100 residents vs 15.5 regionally), indicating the area serves as an educational center for the broader region. Note: where schools show 'n/a' for enrolments please refer to parent campus.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Public transport analysis shows 86 active transport stops in Springvale, with a mix of train and bus services. These are served by 23 individual routes, offering 4,879 weekly passenger trips collectively. Transport accessibility is rated good, with residents typically located 216 meters from the nearest stop.
Service frequency averages 697 trips per day across all routes, equating to approximately 56 weekly trips per stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Springvale's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions
Springvale's health outcomes data shows exceptional results with younger age groups having very low prevalence of common health conditions. The rate of private health cover is extremely low at approximately 46% of the total population (~11,172 people), compared to the national average of 55.3%.
Asthma and diabetes are the most prevalent medical conditions in the area, affecting 5.9% and 5.7% of residents respectively. 77.5% of residents report being completely clear of medical ailments, compared to 75.1% across Greater Melbourne. The area has 17.1% of residents aged 65 and over (4,162 people). Health outcomes among seniors are above average but require more attention than the broader population.
Frequently Asked Questions - Health
Cultural Diversity
Springvale is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Springvale has one of the highest levels of cultural diversity in Australia, with 69.7% of its population born overseas and 80.1% speaking a language other than English at home. Christianity is the predominant religion in Springvale, comprising 29.7% of people. However, Buddhism is significantly overrepresented, making up 25.0% of the population compared to the Greater Melbourne average of 15.2%.
In terms of ancestry, the top three groups in Springvale are Other (25.4%), Vietnamese (21.3%), and Chinese (20.3%). The Vietnamese population is substantially higher than the regional average of 8.5%. Additionally, there are notable differences in the representation of Korean (1.1% vs 0.4%), Sri Lankan (0.7% vs 1.8%), and Indian (5.3% vs 6.2%) ethnic groups compared to regional averages.
Frequently Asked Questions - Diversity
Age
Springvale's population is slightly younger than the national pattern
Springvale's median age is 36 years, nearly matching Greater Melbourne's average of 37 and slightly below Australia's median of 38. Compared to Greater Melbourne, Springvale has a higher percentage of residents aged 25-34 (20.0%) but fewer residents aged 5-14 (9.1%). This 25-34 concentration is above the national average of 14.5%. Between the 2021 Census and now, the 65 to 74 age group has increased from 8.2% to 9.0% of Springvale's population, while the 45 to 54 cohort has decreased from 11.4% to 10.4%. By 2041, demographic modeling suggests significant changes in Springvale's age profile. The 65 to 74 cohort is projected to grow by 53%, adding 1,169 residents to reach a total of 3,363. Meanwhile, the 0 to 4 cohort is expected to grow by a modest 8%, with an increase of 100 people.