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Springvale suburb profile

Springvale is a picturesque suburb located in the regional city of Wagga Wagga, New South Wales. Known for its serene rural atmosphere, Springvale offers residents a peaceful lifestyle amidst expansive landscapes and natural beauty. The suburb is characterized by its spacious properties and a strong sense of community, making it an attractive choice for families and those seeking a quieter pace of life. Despite its tranquil setting, Springvale is conveniently close to the amenities and services of Wagga Wagga, providing a perfect balance between rural charm and urban convenience.

Springvale property market performance

Springvale's property market has experienced minimal movement over the past 12 months, with a slight increase of 0.7% in median house values. No change has been noted in unit values. Over this period, only 3 houses were sold, while unit sales were nonexistent, indicating low sales activity in the area.

Houses in Springvale are spending an extended period on the market, with a median of 233 days, reflecting sluggish demand. The rental market has also seen no movement, with house and unit rents showing no change over the year. These factors suggest a static and slow-moving property market in Springvale.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
6.6%N/A
Sold
Past 3 months
3N/A
Median days on market
Past 12 months
258N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

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Springvale demographics

Springvale, located in the Riverina region of New South Wales, is a suburb that offers a serene and family-friendly environment. With a population of 1,851, it provides a close-knit community atmosphere that is ideal for families and those seeking a quieter lifestyle. The median age of 41 suggests a mature population, with many residents likely to be established in their careers and family lives.

The suburb is predominantly composed of couple families, with 61.1% having children and 33.7% without, indicating a strong family presence. The low percentage of one-parent families (5.2%) and the absence of other family types highlight the traditional family structure prevalent in the area. This family-oriented nature is further supported by the high levels of home ownership, with 41.4% of properties owned outright and 57.4% owned with a mortgage, reflecting a stable and settled community.

Springvale's housing market is characterized by a very low rental rate of just 1.2%, suggesting that most residents are long-term homeowners. This stability is complemented by a relatively high median household income of $3,185 per week, indicating a prosperous community. The suburb's appeal lies in its peaceful setting, strong sense of community, and the security of home ownership, making it an attractive option for families and individuals seeking a balanced lifestyle away from the hustle and bustle of larger cities.

Suburbs near Springvale

Some popular suburbs near Springvale include:

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