Melton South vs Springbank
Property investment comparison - Melton South, VIC 3338 vs Springbank, VIC 3352
Head-to-head across core investment metrics: Melton South wins 0, Springbank wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Melton South | Springbank |
|---|---|---|
| Median house price | $585K | $585K |
| Median unit price | $410K | - |
| Gross rental yield (houses) | 3.83% | 4.59% |
| Gross rental yield (units) | 4.85% | - |
| 1-year house growth | +10.7%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 3.7% | 1.9% |
| Population | 11,362 | 117 |
Melton South vs Springbank: what the numbers say
Houses cost about the same in both suburbs: the median house price is $585K in Melton South and $585K in Springbank.
On cash flow, Springbank leads: houses there return a gross rental yield of 4.59%, compared with 3.83% in Melton South, a gap of 0.76 percentage points.
Rental vacancy is 1.9% in Springbank and 3.7% in Melton South, so landlords in Springbank face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Melton South is the bigger suburb, with a population of 11,362 against 117, roughly 97 times the size of Springbank; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Springbank for rental income, Springbank for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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