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Springvale Real Estate

Springvale real estate

Townhouses, terraces and semi-detached houses make up 20% of occupied homes in Springvale, above 14% across VIC.

  • House 69
  • Townhouse or terrace 20
  • Flat or apartment 9
  • Other or not stated 2
  • Owned outright 32
  • Mortgaged 23
  • Rented 39
  • Other or not stated 6
Homes in Springvale as a street of 100, from the census count of households by kind of home and tenure. Other or not stated also takes up the rounding.
Median rent$357 a weekVIC $370
Median mortgage repayment$1,750 a monthVIC $1,859
Median household income$1,402 a weekVIC $1,759

Townhouses, terraces and three bedrooms

In Springvale, 20% of occupied homes are townhouses, terraces or semi-detached houses, above 14% statewide. Separate houses account for 69%, below 73% across VIC, and flats or apartments for 9%, below 12%. Of homes in Springvale, 48% have three bedrooms, above 42% across VIC. Homes with two bedrooms or fewer are 27%, above 25%, while those with four or more bedrooms are 23%, below 33%. On Census night, 8% of private dwellings in Springvale were unoccupied, below the Victorian figure of 11%.

Victoria, the same way: 73 houses, 12 flats, 29 rented.

Renting, owning and the rent share

Renting households are 39% of households in Springvale, above 29% across VIC, and 23% are paying off a mortgage, below 36%. Outright owners come to 32%, the same as the state. Of the renting households, 69% rent from a landlord the ABS records as a real estate agent, below the VIC figure of 73%.

The median rent is $357 a week, below $370 across VIC, and median household income is $1,402 a week, below $1,759. Worked out on this page from those two medians, the rent equals 25% of the median weekly household income, above 21% for VIC. The median mortgage repayment is $1,750 a month, below $1,859 statewide.

Household size, age and the same address

Households in Springvale average 2.9 people, above 2.5 across VIC. The median age is 36 years, below 38 statewide. Altogether, 22,174 people lived in the suburb of Springvale at the 2021 Census. On the 2021 question about where people lived in 2016, 54% of people aged five and over in Springvale gave the same address as in 2021. That is the same as the 54% of people aged five and over across VIC.