Property investors who have had real estate in Springfield, 2250 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.40%
Taking the average capital gain, or increase in median house value, Springfield,2250 has racked up an average of 10.40% over the period. This ranks it number 498th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -4.36% to buyers in Springfield at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Springfield the average time real estate has been on the market is 32.18 days.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 5.80%.