Suburb Profile Report for Spring Hill QLD (4000)

Spring Hill House: Median price $907,500, Annual capital growth 3.96%, Number of sales 20, Weekly median advertised rent $550

Spring Hill Unit: Median price $417,250, Annual capital growth 3.16%, Number of sales 175, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -0.27% for the last 12 months, Spring Hill, 4000 has performed for property investments than its average annual 3.96% property growth over the last 5 years.

Across a shorter period, Spring Hill, 4000 has seen a median price increase of -0.87% over the last quarter.

Our latest figures would indicate that property sellers in Spring Hill are currently offering property investors an average price cut of -9.31% below the asking price at the moment.

Residents and property investors in Spring Hill have been waiting around 73.64 days to sell a property.

Advertised rents are around the $550 mark per week – giving a return of 3.15% based on the median price in Suburb

Giving property investors a a poor capital gain of -6.86% for the last year, Spring Hill, 4000 is the 1490th highest performer in Australia in this respect.

Over the longer term, Spring Hill has seen property prices show investors a 8.38% return over the last 3 years. This is worse than over the last 12 months

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Spring Hill itself are offering an average vendor discount of -8.65% to real estate investors.

Often selling an investment property can take time, and in Spring Hill the average time real estate has been on the market is 101.98 days.

Spring Hill, 4000’s gross rental yield is 5.61%

Metrics i HOUSE UNIT
$907,500 $417,250
-0.87% -0.26%
-0.27% -6.86%
3.96% 3.16%
$550 $450
20 175
3.15% 5.61%
73.64 101.98

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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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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