Springvale apartment investment · Victoria · 3171
Is a Springvale apartment a good investment?
The answer depends on the apartment, the price and the loan.
Using Springvale’s median apartment price and rent, the property brings in about $520 / week in rent. The loan and other costs total about $1,107 / week. The owner pays the remaining $587 / week before tax.
The loan is the biggest cost. With an 80% loan, the repayment is about $777 / week. Change the price, deposit or interest rate below to see how much the owner would pay each week.
Example only. Uses suburb data and the assumptions shown on this page. It is not a property valuation, forecast or recommendation.
Market benchmark used for this analysis
Stronger evidencePrice and rent figures are suburb medians for Springvale. The sale is a median unit price for the latest quarter; the rent is the median 2-bedroom flat rent measured over a full year of rental bonds. They are a starting benchmark for Springvale, not a valuation of every apartment in the suburb.
- Sale evidence
- 36 unit sales · October to December 2025 quarter
- Rent evidence
- 456 two-bedroom flat bonds · Moving annual, year ending September 2025 quarter
The sale median covers units of all sizes; the rent is for 2-bedroom flats specifically. Enter the actual listing price and expected rent below to model a specific apartment. Popurise provides general analysis, not a recommendation to buy.
02 · Change the numbers
Try a different price, rent or loan.
Change any number below and the full page updates straight away. Nothing is saved and your changes do not alter the public page.
Owner pays each week · before taxSpringvale median example
$587
- Cash needed before buyingDeposit, stamp duty and estimated buying costs
- $175,470
- Rent needed to cover weekly costsUsing the current price, loan and costs
- $1,188 / week
- Price needed to reach your targetUsing the rent entered below
- $165,916
- Net rental yieldAfter property costs, before loan costs
- 1.5%
General information only. This estimate does not consider your goals, financial situation or needs. Do not rely on it as the only reason to buy a property or choose a loan.
03 · Price and rent
What would need to change?
At the median price, the rent does not cover the loan and other weekly costs. These two charts show the price or rent needed to reach the target selected above.
Purchase price
The price would need to fall by $514,084.
Weekly rent
The rent would need to rise by $668 / week.
Listing sites show the asking price and advertised rent. Popurise shows what those numbers mean after the loan, strata and other costs are included.
04 · Weekly costs
Where the rent goes each week.
Start with the rent, then subtract the loan and each running cost. The final number shows what the owner pays or what remains after the weekly costs.
- Rent
- $520 / week
- Vacancy allowance
- −$20 / week
- Loan repayment
- −$777 / week
- Strata
- −$154 / week
- Property management
- −$43 / week
- Council and water
- −$50 / week
- Insurance
- −$15 / week
- Repairs and maintenance
- −$48 / week
- Owner pays
- $587 / week
The loan is by far the biggest cost. It accounts for about $777 / week of the $1,107 / week paid each week. That is why the price, deposit and interest rate change the result more than strata or the other property costs.
05 · Cash needed
How much cash is needed before buying?
The deposit is the largest part, but it is not the whole amount. Stamp duty and other buying costs also need to be paid before settlement.
- Deposit
- $136,00020% of the purchase price
- VIC stamp duty
- $35,870No first-home concession included
- Legal and conveyancing
- $2,200
- Inspections and loan costs
- $1,400Building and pest inspection plus estimated loan setup costs
This does not include the money needed to cover weekly costs after settlement. A larger deposit needs more cash upfront but reduces the loan and weekly repayment.
06 · What matters most
What changes the weekly result most?
Each row changes one number while everything else stays the same. The change with the largest effect appears first.
Each change is tested on its own. In real life, several numbers may change together. For example, a lower price also reduces the deposit, stamp duty and loan.
07 · 5 and 10 years
What could the result look like after 5 or 10 years?
This estimate combines the weekly costs, the amount of the loan paid down, buying and selling costs and an assumed 3% yearly rise in property value and rent. The growth rate is an assumption, not a prediction.
- Assumed increase in value after 5 years
- $108,306
- Loan paid down
- $35,944
- Stamp duty and buying costs
- −$39,470
- Weekly costs paid while owned
- −$152,713
- Selling costs
- −$17,266
- Estimated result before tax
- −$65,199
This is an illustration, not a forecast. Real prices, rent, interest rates, costs and tax outcomes will differ. The result can also be worse than the estimate shown.
08 · Data and assumptions
Which numbers are local, and which are assumptions?
The apartment price and rent come from Victorian Government data for Springvale. Every other number is a Popurise starting assumption that can be changed above.
Local data for Springvale
These are medians across many apartments. A specific apartment can be very different because of its size, floor, view, building, condition and strata costs.
Middle 50% of recorded sales: — to — · 36 unit sales · October to December 2025
Middle 50% of new rents: — to — · 456 two-bedroom flat bonds · year to September 2025
Starting assumptions
These are not facts about every Springvale apartment. Replace them with the actual strata, rates, insurance and loan terms for the property being considered.
Loan
Yearly property costs
Buying, growth and selling
09 · Sources and limits
Where the numbers come from.
The apartment price and rent use the public sources below. Popurise calculates the loan, stamp duty, weekly costs and 5 and 10-year estimates from the assumptions shown on this page.
Victorian Property Sales Report — Median Unit by Suburb (Quarterly)
This is a suburb-wide median across units of different sizes, buildings and conditions. It covers one quarter of sales and is not a valuation of any apartment.
Rental Report — Moving Annual Rents by Suburb and Town
This is the median for 2-bedroom flats across Springvale, measured over a full year of rental bonds. Individual flats and other sizes differ.
Boundary data
Based on Australian Bureau of Statistics data, ASGS Edition 3 Suburbs and Localities. The highlighted shape is the generalised ABS suburb boundary for Springvale (Vic.), Victoria. The price and rent data are published for the same suburb. SAL 22328, Creative Commons Attribution 4.0 International (CC BY 4.0), retrieved 2026-08-05. abs.gov.au ↗
Known limits
- The local price and rent are Springvale suburb medians. They do not account for a particular building, apartment size, floor, view, condition or owners-corporation history.
- The price and rent come from different published periods. The sale figure is the October to December 2025 quarter; the rent figure is the moving annual to September 2025.
- The rent is the median for 2-bedroom flats specifically, while the sale median covers units of all sizes. Enter the actual listing price and expected rent to model a specific apartment.
- The median price comes from 36 unit sales in one quarter. It can move between quarters and is not a property valuation.
- The loan, owners-corporation, insurance, property-management, vacancy, repair, growth and selling figures are starting assumptions. Real costs and loan terms vary by property and borrower.
Last reviewed 5 August 2026
Important information
Popurise provides general information and calculation tools.
This page is an example built from suburb data and the assumptions shown. It is not financial, credit, tax or legal advice, a property valuation, a forecast or a recommendation to buy, sell or choose a particular loan.
It does not consider your goals, financial situation or needs. Actual prices, rent, costs, loan terms, tax treatment and results will differ.
Check the property information and loan terms, and consider independent professional advice before acting.
10 · Common questions
Common questions about investing in Springvale apartments.
How much cash is needed to buy an apartment in Springvale?
About $175,470 under these assumptions. That includes a 20% deposit of $136,000, about $35,870 in Victorian stamp duty and $3,600 for legal work, inspections and loan setup. It does not include the money needed to cover weekly costs after settlement.
How much rent would cover the weekly costs?
About $1,188 / week under the current settings. The median 2-bedroom flat rent is $520 / week, so it would need to be about $668 / week higher for the rent to cover the loan and other weekly costs.
What purchase price would reach the selected weekly target?
About $165,916 under the current settings. That is about $514,084 below the median price of $680,000. Change the rent, deposit, interest rate or weekly target above to test a different result.
How much do owners-corporation costs affect the result?
At the assumed $8,000 / year, owners-corporation (strata) costs about $154 / week. An extra $1,000 / year means the owner pays about $19 / week more. Actual owners-corporation fees vary widely between buildings, so replace this assumption with the real figure when analysing a property.
What happens if interest rates rise?
The loan is the largest weekly cost in this example. A rise from 6.3% to 7.3% means the owner pays about $84 / week more, taking the weekly amount paid from about $587 / week to about $671 / week before tax.
Is this based on a particular apartment?
No. It starts with the median unit price and the median 2-bedroom flat rent for Springvale, then uses the assumptions shown on this page. A real apartment may have a different price, rent, owners-corporation cost, condition, outlook, building history and loan.
Where does the Springvale price and rent data come from?
The sale price comes from the Victorian Property Sales Report by Valuer-General Victoria, using 36 Springvale unit sales from October to December 2025. The rent comes from the Victorian Rental Report (Homes Victoria), using 456 two-bedroom flat rental bonds from the year to September 2025.
What should be checked before analysing a real apartment?
Replace the suburb medians and assumptions with the property’s actual numbers: asking price, supported rental estimate, owners-corporation fees, council and water rates, insurance, condition and repair needs, building defects or special levies, and your loan terms. The suburb page is the starting point. Popurise Investor is where the actual property is analysed.
Found an apartment in Springvale? Run the real numbers.
The suburb median is only a starting point. Add the listing price, expected rent, actual strata costs and your loan to see the result for the apartment being considered.