Suburb Profile Report for Springwood NSW (2777)

Springwood House: Median price $650,000, Annual capital growth 5.98%, Number of sales 120, Weekly median advertised rent $465

Springwood Unit: Median price $555,000, Annual capital growth 7.16%, Number of sales 16, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Springwood, 2777 should be 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 16.07%

The five-year average increase in median property values for Springwood,2777 has given property investors a potential capital gain of 60.49% across each of those five years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Springwood itself are offering an average vendor discount of -4.19% to real estate investors.

Renters in Suburb are facing rents around $5580 per annum or $465 every week.

With a capital gain of 32.46% for the last 12 months, Springwood, 2777 has performed for property investments than its average annual 7.16% property growth over the last 5 years.

Springwood,2777 was ranked 302 in Australia by increase in median property value over the quarter.

Springwood2777 is located in NSW which offers an average discount of -4.33% to property investors. Springwood itself is showing figures that indicate -2.48% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.16%, investors should hope to achieve an overall return of 3.56%

Metrics i HOUSE UNIT
$650,000 $555,000
2.85% 4.72%
16.07% 32.46%
5.98% 7.16%
$465 $380
120 16
3.72% 3.56%
35.92 22.18

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 8436
Median household income ($/weekly) 1337
Median age of persons 43
Median housing loan repayment ($/monthly) 1950
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1056 12.5
    25-34 years 762 9.0
    35-44 years 1118 13.3
    45-54 years 1168 13.8
    55-64 years 1186 14.1
    Others 3146 37.3
    Age Group
    Census Count Percent(%)
    Registered Married 3200 52.4
    Not Married 2386 39.1
    Defacto Relationship 516 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6824 83.2
    Greece 49 0.6
    Papua New Guinea 124 1.5
    United Kingdom 700 8.5
    Other 162 2.0
    Others 346 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 71 0.9
    Christianity 5567 70.8
    Islam 22 0.3
    Other Religious Groups 51 0.6
    No Religion 2117 26.9
    Others 33 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 292 10.4
    $600-$799 246 8.8
    $1,500-$1,999 366 13.1
    $2,000-$2,499 289 10.3
    $2,500-$2,999 257 9.2
    Others 1349 48.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2480 37.4
    Employed, worked full-time 2415 36.5
    Employed, worked part-time 1324 20.0
    Employed, away from work 227 3.4
    Unemployed, looking for work 178 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 451 11.4
    Professionals 1231 31.0
    Technicians & trades workers 525 13.2
    Community & personal service workers 403 10.2
    Clerical & administrative workers 614 15.5
    Others 745 18.8
    Occupation
    Census Count Percent(%)
    Pre-school 159 7.7
    Infants/Primary 692 33.5
    Secondary 584 28.3
    Technical or Further Educational Institution 213 10.3
    University or other Tertiary Institutions 366 17.7
    Others 53 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7074 91.1
    Semi-detached, row or terrace house, townhouse 578 7.4
    Flat, unit or apartment 107 1.4
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1231 40.1
    Fully owned 1144 37.2
    Rented 557 18.1
    Other tenure type 140 4.6
    Tenure Type
Census 2011, ABS
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