Suburb Profile Report for Springwood NSW (2777)

Springwood House: Median price $660,000, Annual capital growth 6.21%, Number of sales 95, Weekly median advertised rent $470

Springwood Unit: Median price $550,000, Annual capital growth 7.23%, Number of sales 19, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Springwood have tracked just higher than the NSW average of 9.74% over the last 12 months.

Across a shorter period, Springwood, 2777 has seen a median price increase of 1.54% over the last quarter.

Property buyers and investors in Springwood 2777 should be seeing an average reduction in asking price of around -4.42% . This means that Springwood is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 7.92 sales per month, which equates to 95 per year.

Property investors should expect to get $470 weekly from the median priced house in this suburb.

NSW has seen average median house prices change by 6.96% which means that Springwood, 2777 has done well for property investors by showing a capital gain of 30.95% over the last year

A 79.15% growth in median value for property investors in Springwood,2777 puts this suburb at number 465th in terms of best performing suburbs in NSW

Springwood, 2777 is offering NSW ‘s 316th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.23%, investors should hope to achieve an overall return of 3.59%

Metrics i HOUSE UNIT
$660,000 $550,000
1.54% -0.90%
16.81% 30.95%
6.21% 7.23%
$470 $380
95 19
3.70% 3.59%
37.81 26.46

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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Recent sales & rentals