Suburb Profile Report for Spring Hill QLD (4000)

Spring Hill House: Median price $910,000, Annual capital growth 3.61%, Number of sales 22, Weekly median advertised rent $600

Spring Hill Unit: Median price $386,682, Annual capital growth 2.94%, Number of sales 178, Weekly median advertised rent $465

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Spring Hill have tracked close to the QLD average of 2.22% over the last 12 months.

Comparing Spring Hill,4000 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -9.88% to buyers in Spring Hill at the moment, which is less than average for the rest of QLD.

On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.

Over the last year, property investments in Spring Hill, 4000 have given investors a capital gain of -5.69%. This compares very badly with the 1.23% for QLD as a whole.

Spring Hill,4000 has offered an average of -5.69% return per annum in house price rises to property investors over the last three years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.79% offered to property buyers. Sellers in Spring Hill itself are offering an average vendor discount of -7.05% to real estate investors.

Spring Hill is 78th on a list of best yielding suburbs for rents in QLD with a 6.25% return

HOUSE UNIT
$910,000 $386,682
-0.60% -4.11%
2.36% -5.69%
3.61% 2.94%
$600 $465
22 178
3.43% 6.25%
71.61 70.52

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Spring Hill QLD
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
Chart Table
Recent sales & rentals