Suburb Profile Report for Springwood NSW (2777)

Springwood House: Median price $636,000, Annual capital growth 6.04%, Number of sales 114, Weekly median advertised rent $460

Springwood Unit: Median price $530,000, Annual capital growth 6.58%, Number of sales 11, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 6.87% which means that Springwood, 2777 has done well for property investors by showing a capital gain of 13.57% over the last year

A 57.04% growth in median value for property investors in Springwood,2777 puts this suburb at number 257th in terms of best performing suburbs in NSW

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Springwood, 2777. Typically our figures indicate that -3.67% is being offered, which puts this NSW suburb at 3389th most discounted overall in Australia.

At number 115 in a list of fastest selling suburbs, Springwood is in the TOP 10% of suburbs in Australia with an average of days on market 35.91 for properties listed there.

Springwood is 585th on a list of best yielding suburbs for rents in NSW with a 3.76% return

Investment property in Springwood has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 29.58%

If we look at median property appreciation over just the last three months, Springwood has given property investors a paper return of 5.47%. This puts Suburb as 90 on a list of fastest fasting appreciating suburbs in NSW

On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.

Springwood, 2777’s gross rental yield is 3.73%

HOUSE UNIT
$636,000 $530,000
6.00% 5.47%
13.57% 29.58%
6.04% 6.58%
$460 $380
114 11
3.76% 3.73%
35.91 N/A

Source: CoreLogic

DSR Score for property investment : Very 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