Springvale VIC 3171, Australia
Also written as Unit 5, 723 Princes Highway.
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sale | 6 Sep 2014 | $182,000 | — |
| Sale | 4 Sep 2006 | $128,000 | — |
| Sale | 27 Jun 2005 | $110,000 | — |
| Sale | 29 May 2001 | $61,000 | — |
| Sale | 1 Feb 1988 | $35,500 | — |
It is a unit featuring a single bedroom and one bathroom, set on a land parcel of 728 m²
The property occupies 728 square metres of land, providing ample outdoor space for a unit
Springvale lies roughly 22 km south‑east of Melbourne’s CBD, making it accessible while still offering a suburban setting
The suburb is served by Springvale railway station on the Pakenham/Cranbourne line, and several bus routes, including Ventura 705, 811, 813, 814, 885 and SmartBus 902, run through the area
Within about 1–1.5 km you’ll find Sandown Raceway, Springvale Botanical Cemetery, Springvale Junction, and the Springvale Crematorium
Springvale is one of Australia’s most culturally diverse suburbs, renowned for its vibrant Vietnamese community and a wide range of Vietnamese shops and markets
The suburb is part of the City of Greater Dandenong, falls in the federal Division of Hotham and the state Electoral district of Mulgrave, both historically held by the Australian Labor Party
Originally occupied by Woiwurrung and Boonwurrung peoples, Springvale developed around natural springs, grew significantly after post‑war housing programmes, and today is known for its strong Vietnamese presence and diverse community
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