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Springbank, VIC 3352
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$585,000
Median Unit
$555,000
list-price estimate
Gross Yield (houses)
4.6%
1yr Growth
-
Investment snapshot for Springbank
Springbank has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Springbank market and investor summary
Springbank (VIC 3352) runs a median house price of $585K, with houses yielding a gross 4.6%. At 1.9% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.6% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking.
Living in Springbank: people, income and schools
Springbank has a resident population of roughly 117, and the area has been growing steadily, up about 12% over five years. The median age is 49, skewed a little older, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $75,000 a year, or roughly $1,440 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.8 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 117
- +12% over 5yr
- Median age
- 49 years
- Median household income
- $75,000/yr
- Households renting
- 0%
- Family households
- 75%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 4.2%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Springbank
No properties currently listed in Springbank
Search Springbank listings →Frequently asked questions about Springbank
What should I check before investing in Springbank?
Springbank has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.6% gives a usable rent-to-price starting point. Tight rental market (1.9% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Springbank?
The median property price in Springbank, VIC 3352 is $585K for houses.
What rental yield does Springbank show?
The gross rental yield in Springbank is 4.6% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Springbank?
The current vacancy rate in Springbank is 1.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Springbank?
Springbank has a population of approximately 117 residents, with a median age of 49.
Is Springbank affordable to buy in?
A median house in Springbank costs about 7.8 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Springbank's population growing?
The population of Springbank has grown about 12% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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