Suburb Profile Report for Spring Farm NSW (2570)

Spring Farm House: Median price $670,000, Annual capital growth 8.80%, Number of sales 93, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report

Spring Farm has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.98% to date .

Spring Farm,2570 was ranked 1486 in Australia by increase in median property value over the quarter.

Spring Farm2570 is located in NSW which offers an average discount of -5.53% to property investors. Spring Farm itself is showing figures that indicate -3.62% is the average achievable by property buyers investing in the suburb.

At number 574 in a list of fastest selling suburbs, Spring Farm is in the TOP 20% of suburbs in Australia with an average of days on market 51.17 for properties listed there.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.88%, without taking into account capital value appreciation, which has been averaging out at 8.80%.

HOUSE UNIT
$670,000 N/A
1.52% N/A
12.98% N/A
8.80% N/A
$500 N/A
93 N/A
3.88% N/A
51.17 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1189
Median household income ($/weekly) 1911
Median age of persons 27
Median housing loan repayment ($/monthly) 2427
Average household size 2.7
  • Census Count Percent(%)
    0-4 years 124 10.4
    5-14 years 146 12.3
    20-24 years 126 10.6
    25-34 years 374 31.4
    35-44 years 166 13.9
    Others 254 21.3
    Age Group
    Census Count Percent(%)
    Registered Married 434 49.9
    Not Married 274 31.5
    Defacto Relationship 162 18.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 934 81.1
    Indonesia 10 0.9
    Papua New Guinea 35 3.0
    United Kingdom 52 4.5
    Other 49 4.3
    Others 72 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 2.2
    Christianity 860 77.3
    Hinduism 19 1.7
    Islam 24 2.2
    No Religion 178 16.0
    Others 7 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 31 7.9
    $1,250-$1,499 32 8.1
    $1,500-$1,999 76 19.3
    $2,000-$2,499 94 23.9
    $2,500-$2,999 53 13.5
    Others 107 27.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 552 61.8
    Not in the labour force 137 15.3
    Employed, worked part-time 130 14.6
    Employed, away from work 53 5.9
    Unemployed, looking for work 21 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 79 10.7
    Professionals 152 20.6
    Technicians & trades workers 133 18.0
    Community & personal service workers 85 11.5
    Clerical & administrative workers 127 17.2
    Others 162 22.0
    Occupation
    Census Count Percent(%)
    Pre-school 29 10.6
    Infants/Primary 103 37.6
    Secondary 65 23.7
    Technical or Further Educational Institution 29 10.6
    University or other Tertiary Institutions 45 16.4
    Others 3 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1037 90.3
    Semi-detached, row or terrace house, townhouse 111 9.7
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 311 74.8
    Rented 68 16.3
    Fully owned 34 8.2
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals