Chat with us, powered by LiveChat

City of Melton

Caroline Springs

Caroline Springs Property Market
& Suburb Profile

Powered by Proptrack

MEDIAN PRICES IN CAROLINE SPRINGS

Median house price

(all agencies, last 12 months)$759k*

House price change

(all agencies, last 12 months)+3.16%

Median unit price

(all agencies, last 12 months)$503k*

Unit price change

(all agencies, last 12 months)-2.43%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

CAROLINE SPRINGS price TRACKER

HousesUnits

Caroline Springs sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)30

Average days on market (units)

(all agencies, 12 months)72

Average held period in Caroline Springs

(proptrack)8 years

Caroline Springs Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$568pw

Median rental price for Units

(all agencies, last 12 months)$499pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.62%

Average rental yield for Units

(all agencies, last 12 months)4.66%

Caroline Springs total population size

(as at the last census)24,488

Median household size in Caroline Springs

(as at the last census)3.1

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Caroline Springs property types

  • Houses 54%
  • Units 13%
  • Other 33%

OCCUPANCY in Caroline Springs

  • Owned 75%
  • Rented 22%
  • Other/Not Stated 3%
  • Singles 15%
  • Families 84%
  • Other 2%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

Request a free price evaluation from our experienced team

About Caroline Springs

Caroline Springs is an award-winning, modern, and highly sought-after master-planned community located approximately 25 kilometres west of the Melbourne CBD, offering a family-friendly lifestyle defined by its cohesive design, extensive parklands, and high level of self-sufficiency.

The suburb is renowned for its picturesque landscapes, featuring scenic lakes—most notably Lake Caroline - and lush natural reserves like the Kororoit Creek corridor, which provide ample recreational opportunities and walking trails for nature enthusiasts.

Life is convenient and self-contained, centred on the CS Square Shopping Centre, which acts as the main commercial and community hub offering a wide range of retail, dining, and essential services, complemented by the Caroline Springs Leisure Centre for sports and fitness.

Education is a primary drawcard, with numerous reputable public and private schools, including Southern Cross Grammar, Catholic Regional College, and Creekside K-9 College, which collectively underpin property values and appeal strongly to the suburb’s large demographic of young, multicultural families.

While the suburb does not have a central train station, connectivity is robust, with an efficient bus network providing direct links to the Caroline Springs Train Station and nearby Watergardens Station, alongside swift vehicular access to the Western Freeway for a straightforward commute to the city.

For investors, the area presents a stable market with consistent rental demand, driven by its modern housing stock, high amenity, and enduring popularity as a well-planned family haven.

Education

Brookside P-9 College
Catholic Regional College Caroline Springs
Christ the Priest Catholic Primary School
Creekside K-9 College
Lakeview Senior College
Southern Cross Grammar
Springside Primary School
St George Preca School
Powered by Proptrack

Sales Comparison

Find out how Caroline Springs median sales prices compare to neighbouring suburbs.

Caroline Springs MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025378$630,5003.16%440$534pw4.14%
2024371$623,8751.48%430$533pw4.37%
2023328$604,125-2.48%475$497pw4.05%
2022382$611,5003.92%563$451pw3.74%
2021430$592,50010.00%577$421pw3.45%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025378$630,500+3.16%
2024371$623,875+1.48%
2023328$604,125-2.48%
2022382$611,500+3.92%
2021430$592,500+10.00%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025440$534pw4.14%
2024430$533pw4.37%
2023475$497pw4.05%
2022563$451pw3.74%
2021577$421pw3.45%

PROUDLY SERVICING Caroline Springs

Barry Plant
Caroline Springs

Shop 1/234 Caroline Springs Boulevard
View on Google Maps

Browse more suburbs

Burnside

Burnside Heights

Ravenhall

NEWS & INSIGHTS

Your Guide to Victoria's Upcoming Rental Reforms: What You Need to Know

Five things to consider when choosing an investment property

Handy tips for the first home buyer

*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.