Caroline Springs VIC Property Investment

Melton · 3023

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Median House Price

$800K

As of 7 Nov 2026.

Rental Yield

N/A

Vacancy Rate

N/A

Median Weekly Rent

N/A

Median Unit Price

$515K

As of 7 Nov 2026.

Population (Census 2021)

24,488

Caroline Springs Short-Term Rental Market

Short-stay estimate: run a brief

Past price growth

Median house sale price growth, Caroline Springs: 4.0% a year, 2020 to 2025. Source: Valuer-General Victoria, Victorian Property Sales Report – Houses/Units by suburb 2015–2025 (released 9 Sep 2026). © State of Victoria (Department of Transport and Planning), licensed under CC BY 4.0 (creativecommons.org/licenses/by/4.0). Growth rates calculated by Estait. Sales count not published by the source. Past growth doesn't predict future prices.

New dwellings approved

New dwellings approved, Melton council area, 12 months to Aug 2026: 4,603. Source: ABS Building Approvals, Australia (cat. 8731.0). This is the whole council area, not just Caroline Springs.

Suburb Metric Thresholds

1 green5 yellow0 red

Population growth 2016–21, postcode 3023 (ABS Census)

0.97 high impact

Median Household Income

1905 medium impact

Public Transport Score

No data medium impact

School Zone Quality

6.4 medium impact

Distance to CBD

21.04 medium impact

SEIFA Advantage/Disadvantage

6 medium impact

Owner Occupier Rate

74.6 medium impact

Macro Environment

Macro Indicators

Cash Rate

4.85%

▲ 0.25%

Cash rate 4.85% as at 2026-11-04 (effective date) · Source: RBA cash rate target · Credit data 2026-09

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 3023

Most disadvantagedLeast disadvantaged

Decile 4 of 10 — Average

Population (suburb)

24,488

Education (IEO)

6/10

Econ. Resources (IER)

7/10

Schools

In your catchment

Brookside P-9 College

PrimaryGovernment

6.4/10

Brookside P-9 College

SecondaryGovernment

6.4/10

Lakeview Senior College

SecondaryGovernment

6.2/10

These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.