Greater Dandenong · 3171
Springvale, VIC
listings tightening 6.0% YoY, population +7.8% (5y).
NextSuburb scoreTier C
43Below trend
Median house
$790k
5y growth
1.1%/yr
Gross yield
2.3%
Vacancy
1.3%
Late-cycle holdHigh confidence
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)1.1%/yr11/100
- Population growth+7.8% (5y)78/100
- Supply tightening-6.0% YoY80/100
- Rental yield2.3%47/100
- Rental demand1.3% vacancy68/100
- Income growth+16.0% (5y)64/100
- Construction pipelineno nearby pipeline0/100
- Affordability47% under cap47/100
Why this score
Springvale scores 43/100 (Below trend). The two strongest signals: 7.8% population growth over five years and 1.3% vacancy rate. The standout watch-out: gross yield of 2.3% leaves modest cashflow.
Drivers
- Supply tightening-6.0% YoY
- Population growth+7.8% (5y)
- Tight rentals1.3%
- Income growth+16.0% (5y)
Risks
- Thin gross yield (2.3%)
- Modest 5y growth (1.1%/yr)
Nearest infrastructure
Suburban Rail Loop East — Clayton3.9 km away
Construction · $5.0bn · completion 2035
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
Get an email when Springvale’s score crosses a threshold you care about.