At number 2473th in the list of Australian suburbs ordered by increase in median house value over the last year, Springwood, 2777 is in the BOTTOM 50% with a property value increase of 2.59% recorded in median house prices.
Springwood,2777 has offered an average of 2.59% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.55% offered to property buyers. Sellers in Springwood itself are offering an average vendor discount of -3.91% to real estate investors.
A $455 per week rent on the median house gives suburb investors a gross yield of circa 4.12%, without taking into account capital value appreciation, which has been averaging out at 5.12%.
Giving property investors a a solid capital gain of 21.60% for the last year, Springwood, 2777 is the 88th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Springwood comes in at number 184th in NSW.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.