Suburb Profile Report for Springfield NSW (2250)

Springfield House: Median price $536,000, Annual capital growth 5.80%, Number of sales 89, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report

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%.

HOUSE UNIT
$536,000 N/A
2.34% N/A
10.40% N/A
5.80% N/A
$450 N/A
89 N/A
4.37% N/A
32.18 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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