Corangamite Shire Council
Springbank
Springbank at a glance
Median house
$352,000
Median unit
$253,440
Walk score
0
Very car dependent
Population
117
Median age 49
About
Welcome to Springbank.
Springbank (3352) sits in the Corangamite region of Victoria. The median house here is $352,000, well below the Victoria median of around $850K.
Springbank has roughly 117 residents, with an established, older skew. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
Houses change hands at $352,000 on a typical sale, well below the Victoria median. Units come in around $253,440, roughly 28% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $70,000. Prices are well below the Victoria median, which keeps Springbank on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$352,000
+0.0% over the past year. Median unit price $253,440.
Rental and ownership
Weekly rent (house)
$322/wk
Weekly rent (unit)
$200/wk
Owner occupied
85%
Renter occupied
–
At a deeper level
$352,000
$253,440
117
Median age: 49
Free appraisal
What’s your home worth in Springbank?
A local agent who actually sells in Springbank will give you an honest number, backed by recent comparable sales. Free, no commitment to list.
Get property alerts for Springbank
Be the first to know when new listings hit the market.
For investors
Investment overview.
Gross rental yield on houses sits at 4.76% (median rent $322/wk against a $352,000 price tag). Units yield 4.10% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)4.76%
Based on $352,000 median
Gross Yield (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)4.10%
Based on $253,440 median
Annual Growth (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Annual Growth (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202685%
Higher = more owner-occupier demand
Days on Market
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Who lives here
Demographics.
The 2021 Census put Springbank's population at 117, with a median age of 49. That sits as an established, older skew. Households are predominantly owner-occupied (85% own, 0% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (77% family households, 26% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
117
Median age
49
Family households
77%
Lone person
26%
Demographics data as of May 2026· ABS 2021 Census
Day to day
What it’s like to live here.
Springbank scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 23°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 612mm. Data comes from the Bureau of Meteorology's Ballarat Aerodrome station, 12.8km away.
Schooling within or near the suburb covers 13 government primary, 1 government secondary, 6 Catholic.
Safety
Crime and safety.
4
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
0
0
0
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Springbank.
Local schools for Springbank
View the catchment for each school to find out more.
Government School Catchment
Bungaree Primary School
Gordon Primary School
Glen Park Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
612 mm
Hottest Month (avg max)
23.2°C
Coldest Month (avg min)
7.3°C
Monthly Rainfall (mm)
Weather data from BOM station Ballarat Aerodrome (13 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Springbank.
- What is the median house price in Springbank?
- The median house price in Springbank, VIC 3352 is $352,000. The median unit price is $253,440. Annual growth is +0.0%.
- What is the Springbank postcode?
- Springbank is in the 3352 postcode, in VIC, in the Corangamite Shire Council region.
- What is the average rent in Springbank?
- The median weekly rent for houses is $322, for units it's $200.
- What schools are in Springbank?
- There are 20 schools serving Springbank on this page, including Bungaree Primary School, St Mary's School, St Patrick's School.
- How walkable is Springbank?
- Springbank has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Springbank?
- Springbank is close to Claretown, Bolwarrah, Wallace, Bullarook, Bungaree.
- What is the population of Springbank?
- Springbank has approximately 117 residents. The median age is 49.
For Sale
Springbank
Guides
Side by side
Compare Springbank vs a nearby suburb
See median prices, growth, schools, walkability and risk side by side in one view.
Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
Always dated
Every figure on this page carries its source and as-of date in a tooltip. If a figure looks off to you, tell us and we’ll fix it within a week.
No login
No paywall, no sign-up, no download form. The suburb data is the product. We earn from partner brokers and agents on the rare occasion you ask for one.
Want a real human to help with Springbank?
If you’ve looked at the numbers and want someone to talk it through, whether that’s an agent, broker, accountant or conveyancer, we’ll find the right person for your situation. Free, no commitment.
Get connected