Springvale
The median rent for a 2-bedroom unit in Springvale is $520 a week for leases that started in the year to September 2025, up 4.0% on a year earlier. That is 5% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $950,000 for a house and $437,500 for a unit. A year of rent for that home is about 4.4% of its median sale price (gross rental yield).
Median rent in Springvale
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $370 | +5.7% | 137 |
| 2-bedroom unit | $520 | +4.0% | 456 |
| 3-bedroom unit | $650 | +8.3% | 208 |
| 2-bedroom house | $510 | -7.3% | 43 |
| 3-bedroom house | $570 | +1.8% | 365 |
| 4-bedroom house | $683 | +0.7% | 102 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $950,000 | Mar 2026 quarter |
| Unit | $437,500 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Avondale Heights $520 a week
- Ferntree Gully $520 a week
- Keilor East $520 a week
- Mitcham $520 a week
- Nunawading $520 a week
- Ringwood $520 a week