At number 382th in the list of Australian suburbs ordered by increase in median house value over the last year, Spring Hill, 4000 is in the top 10% with a property value increase of 20.88% recorded in median house prices.
Property investors looking for a bargain in Spring Hill should be aiming for at least -5.79% off the asking price, which is the average vendor discount being achieved at the moment.
A $510 per week rent on the median house gives suburb investors a gross yield of circa 2.41%, without taking into account capital value appreciation, which has been averaging out at 6.10%.
Spring Hill is in the bottom 40% in QLD when comparing median price capital growth over the last year. Spring Hill gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.92%.
A 8.14% growth in median value for property investors in Spring Hill,4000 puts this suburb at number 293th in terms of best performing suburbs in QLD
Spring Hill, 4000 is offering QLD ‘s 27th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.
On average over the past year, suburb has had 15.58 sales per month, which equates to 187 per year.
Spring Hill, 4000’s gross rental yield is 5.64%