Springwood is an average performer in NSW when comparing median price capital growth over the last year. Springwood gave property investors a good capital gain figure when compared to the rest of the state, with 13.70%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Springwood has increased when compared to the 5 year average annual rate.
Springwood2777 is located in NSW which offers an average discount of -5.22% to property investors. Springwood itself is showing figures that indicate -4.66% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 6.55%, investors should hope to achieve an overall return of 3.67%
NSW has seen average median house prices change by 8.63% which means that Springwood, 2777 has done well for property investors by showing a capital gain of 20.61% over the last year
LACK OF BUYER INTEREST may well be the reason that Springwood is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 312th in terms of most discounted suburbs in NSW
With the median price for a house in Springwood being $550000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 3.64%