Suburb Profile Report for Spring Farm NSW (2570)

Spring Farm House: Median price $706,350, Annual capital growth 8.51%, Number of sales 180, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Spring Farm, 2570 should be ok 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 6.37%

Spring Farm,2570 has offered an average of 6.37% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Spring Farm 2570 should be seeing an average reduction in asking price of around -3.00% . This means that Spring Farm is holding prices well when compared to other suburbs in NSW.

At number 1231 in a list of fastest selling suburbs, Spring Farm is in the TOP 40% of suburbs in Australia with an average of days on market 60.52 for properties listed there.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 8.51%, investors should hope to achieve an overall return of 3.68%

Metrics i HOUSE UNIT
$706,350 N/A
2.37% N/A
6.37% N/A
8.51% N/A
$500 N/A
180 N/A
3.68% N/A
60.52 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Below 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
Chart Table
Recent sales & rentals