Suburb Profile Report for Springfield NSW (2250)

Springfield House: Median price $590,000, Annual capital growth 6.25%, Number of sales 79, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

NSW has seen average median house prices change by 9.05% which means that Springfield, 2250 has done well for property investors by showing a capital gain of 13.46% over the last year

Across a shorter period, Springfield, 2250 has seen a median price increase of 7.08% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Springfield, 2250. Typically our figures indicate that -6.06% is being offered, which puts this NSW suburb at 1706th most discounted overall in Australia.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.25%, investors should hope to achieve an overall return of 3.97%

Metrics i HOUSE UNIT
$590,000 N/A
7.08% N/A
13.46% N/A
6.25% N/A
$450 N/A
79 N/A
3.97% N/A
36.76 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 4108
Median household income ($/weekly) 1290
Median age of persons 35
Median housing loan repayment ($/monthly) 1842
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 659 16.0
    25-34 years 488 11.9
    35-44 years 589 14.3
    45-54 years 670 16.3
    55-64 years 457 11.1
    Others 1246 30.3
    Age Group
    Census Count Percent(%)
    Registered Married 1451 50.5
    Not Married 1169 40.7
    Defacto Relationship 253 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3326 85.7
    Papua New Guinea 65 1.7
    South Africa 31 0.8
    United Kingdom 231 5.9
    Other 59 1.5
    Others 171 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 53 1.4
    Christianity 2860 76.2
    Islam 14 0.4
    Other Religious Groups 15 0.4
    No Religion 803 21.4
    Others 8 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 108 8.7
    $600-$799 110 8.9
    $1,000-$1,249 115 9.3
    $1,500-$1,999 196 15.8
    $2,000-$2,499 137 11.0
    Others 575 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1132 38.5
    Not in the labour force 920 31.3
    Employed, worked part-time 635 21.6
    Employed, away from work 135 4.6
    Unemployed, looking for work 115 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 219 11.5
    Professionals 395 20.7
    Technicians & trades workers 276 14.5
    Community & personal service workers 225 11.8
    Clerical & administrative workers 289 15.2
    Others 500 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 110 9.8
    Infants/Primary 412 36.7
    Secondary 323 28.8
    Technical or Further Educational Institution 91 8.1
    University or other Tertiary Institutions 153 13.6
    Others 34 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3722 95.8
    Semi-detached, row or terrace house, townhouse 148 3.8
    Flat, unit or apartment 13 0.3
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 661 47.9
    Rented 368 26.6
    Fully owned 343 24.8
    Other tenure type 9 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals