Suburb Profile Report for Spring Hill QLD (4000)

Spring Hill House: Median price $1,107,500, Annual capital growth 5.96%, Number of sales 18, Weekly median advertised rent $593

Spring Hill Unit: Median price $419,750, Annual capital growth 3.12%, Number of sales 179, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Spring Hill, 4000 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.70%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Spring Hill has increased when compared to the 5 year average annual rate.

Spring Hill is 741th on a list of best yielding suburbs for rents in QLD with a 2.78% return

QLD has seen average median house prices change by 0.74% which means that Spring Hill, 4000 has done well for property investors by showing a capital gain of -4.60% over the last year

Across a shorter period, Spring Hill, 4000 has seen a median price increase of 0.00% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Spring Hill is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 34th in terms of most discounted suburbs in QLD

Spring Hill, 4000’s gross rental yield is 5.57%

Metrics i HOUSE UNIT
$1,107,500 $419,750
16.58% 0.00%
21.70% -4.60%
5.96% 3.12%
$593 $450
18 179
2.78% 5.57%
116.7 107.26

Source: CoreLogic

DSR Score for property investment : Balanced (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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