Suburb Profile Report for Springwood NSW (2777)

Springwood House: Median price $574,500, Annual capital growth 5.12%, Number of sales 126, Weekly median advertised rent $455

Springwood Unit: Median price $456,000, Annual capital growth 4.90%, Number of sales 12, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$574,500 $456,000
1.68% 8.57%
2.59% 21.60%
5.12% 4.90%
$455 $360
126 12
4.12% 4.11%
41.64 N/A

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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