Caroline Springs Suburb Profile, VIC, 3023 (Pricing & Investment Data)

Caroline Springs Suburb Profile
Victoria 3023

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Caroline Springs has 8,946 properties. Over the last 5 years, Houses in Caroline Springs have seen a 23.70% increase in median value, while Units have seen a 19.95% increase. As at 31 October 2025:

  • The median value for Houses in Caroline Springs is $828,719 while the median value for Units is $538,518.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 53 properties listed for sale, and 23 properties listed for rent in Caroline springs on OnTheHouse. According to Cotality's data, 378 properties were sold in the past 12 months in Caroline springs.

The size of Caroline Springs is approximately 8.4 square kilometres. It has 50 parks covering nearly 21.4% of total area. The population of Caroline Springs in 2016 was 24205 people. By 2021 the population was 24488 showing a population growth of 1.2% in the area during that time. The predominant age group in Caroline Springs is 40-49 years. Households in Caroline Springs are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Caroline Springs work in a professional occupation.In 2021, 75.10% of the homes in Caroline Springs were owner-occupied compared with 74.30% in 2016.

Suburb Insights for CAROLINE SPRINGS 3023

Market Insights
Caroline Springs Trends for Houses
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Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Caroline Springs Trends for Units
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Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age

Population 24488

0-9

 

14%

10-19

 

17%

20-29

 

12%

30-39

 

14%

40-49

 

19%

50-59

 

12%

60-69

 

7%

70-79

 

4%

80-89

 

1%

Household Structure
Occupancy

Recent Sales in CAROLINE SPRINGS 3023

Properties for sale in CAROLINE SPRINGS 3023

Properties for rent in CAROLINE SPRINGS 3023

Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Last Updated: 06/12/2025

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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