Suburb Profile Report for Spring Hill QLD (4000)

Spring Hill House: Median price $915,500, Annual capital growth 3.95%, Number of sales 23, Weekly median advertised rent $600

Spring Hill Unit: Median price $415,000, Annual capital growth 3.67%, Number of sales 188, Weekly median advertised rent $465

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Spring Hill, 4000 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.69%.

The five-year average increase in median property values for Spring Hill,4000 has given property investors a potential capital gain of 5.84% across each of those five years.

Spring Hill, 4000 is offering QLD ‘s 134th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.

Often selling an investment property can take time, and in Spring Hill the average time real estate has been on the market is 71.63 days.

A $600 per week rent on the median house gives suburb investors a gross yield of circa 3.41%, without taking into account capital value appreciation, which has been averaging out at 3.95%.

QLD has seen average median house prices change by 0.77% which means that Spring Hill, 4000 has done well for property investors by showing a capital gain of -7.78% over the last year

Taking the average capital gain, or increase in median house value, Spring Hill,4000 has racked up an average of -7.78% over the period. This ranks it number 994th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Spring Hill are currently offering property investors an average price cut of -6.77% below the asking price at the moment.

Residents and property investors in Spring Hill have been waiting around 75.58 days to sell a property.

Advertised rents are around the $465 mark per week – giving a return of 5.83% based on the median price in Suburb

HOUSE UNIT
$915,500 $415,000
0.60% -2.92%
2.69% -7.78%
3.95% 3.67%
$600 $465
23 188
3.41% 5.83%
71.63 75.58

Source: CoreLogic

DSR Score for property investment : Above average (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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