Suburb Profile Report for Spring Hill QLD (4000)

Spring Hill House: Median price $1,100,000, Annual capital growth 6.10%, Number of sales 20, Weekly median advertised rent $510

Spring Hill Unit: Median price $415,000, Annual capital growth 2.41%, Number of sales 187, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,100,000 $415,000
N/A -3.38%
20.88% -2.92%
6.10% 2.41%
$510 $450
20 187
2.41% 5.64%
129.58 122.06

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 5258
Median household income ($/weekly) 1613
Median age of persons 30
Median housing loan repayment ($/monthly) 2058
Average household size 2
  • Census Count Percent(%)
    20-24 years 747 14.2
    25-34 years 1884 35.8
    35-44 years 737 14.0
    45-54 years 566 10.8
    55-64 years 397 7.5
    Others 928 17.6
    Age Group
    Census Count Percent(%)
    Not Married 2134 59.0
    Registered Married 899 24.9
    Defacto Relationship 583 16.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2298 51.5
    Indonesia 200 4.5
    Lebanon 209 4.7
    United Kingdom 225 5.0
    Other 615 13.8
    Others 918 20.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 163 3.8
    Christianity 2262 53.1
    Hinduism 194 4.6
    Islam 86 2.0
    No Religion 1500 35.2
    Others 54 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 131 7.3
    $1,250-$1,499 157 8.7
    $1,500-$1,999 259 14.4
    $2,000-$2,499 139 7.7
    $2,500-$2,999 265 14.7
    Others 849 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2047 49.1
    Not in the labour force 1018 24.4
    Employed, worked part-time 731 17.5
    Unemployed, looking for work 239 5.7
    Employed, away from work 132 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 357 12.3
    Professionals 1092 37.5
    Community & personal service workers 269 9.2
    Clerical & administrative workers 374 12.8
    Labourers 256 8.8
    Others 565 19.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 113 9.2
    Secondary 193 15.7
    Technical or Further Educational Institution 193 15.7
    University or other Tertiary Institutions 539 43.9
    Other type of educational institution 160 13.0
    Others 29 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2730 68.2
    Separate house 782 19.5
    Semi-detached, row or terrace house, townhouse 489 12.2
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1346 69.4
    Being purchased 358 18.5
    Fully owned 230 11.9
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals