Suburb Profile Report for Springwood QLD (4127)

Springwood House: Median price $489,000, Annual capital growth 4.21%, Number of sales 149, Weekly median advertised rent $430

Springwood Unit: Median price $280,000, Annual capital growth 3.96%, Number of sales 59, Weekly median advertised rent $330

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

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Springwood, 4127 ranked 305th in QLD when comparing growth in median property values or capital gain over the last 12 months. Springwood is one of 2415 in our list for QLD

Taking the average capital gain, or increase in median house value, Springwood,4127 has racked up an average of 5.01% over the period. This ranks it number 1779th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Springwood is giving property investors an average Vendor Discount of around -4.95%. This puts suburb at number 636th in QLD when ranking the most discounted suburbs.

On average over the past year, suburb has had 12.42 sales per month, which equates to 149 per year.

Property value increases in Springwood have tracked close to the QLD average of 1.70% over the last 12 months.

Across a shorter period, Springwood, 4127 has seen a median price increase of 0.00% over the last quarter.

Springwood4127 is located in QLD which offers an average discount of -5.97% to property investors. Springwood itself is showing figures that indicate -5.33% is the average achievable by property buyers investing in the suburb.

Advertised rents are around the $330 mark per week – giving a return of 6.13% based on the median price in Suburb

HOUSE UNIT
$489,000 $280,000
1.35% 0.00%
5.01% 2.75%
4.21% 3.96%
$430 $330
149 59
4.57% 6.13%
56.14 91.28

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 8990
Median household income ($/weekly) 1445
Median age of persons 37
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1065 11.8
    25-34 years 1289 14.3
    35-44 years 1311 14.6
    45-54 years 1205 13.4
    55-64 years 1309 14.6
    Others 2812 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 3401 49.9
    Not Married 2761 40.5
    Defacto Relationship 654 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6002 69.3
    Papua New Guinea 788 9.1
    South Africa 101 1.2
    United Kingdom 532 6.1
    Other 405 4.7
    Others 829 9.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 148 1.8
    Christianity 6008 72.2
    Hinduism 85 1.0
    Islam 90 1.1
    No Religion 1926 23.1
    Others 66 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 300 10.1
    $1,250-$1,499 283 9.5
    $1,500-$1,999 459 15.4
    $2,000-$2,499 359 12.1
    $2,500-$2,999 299 10.1
    Others 1272 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3306 46.5
    Not in the labour force 1905 26.8
    Employed, worked part-time 1331 18.7
    Employed, away from work 287 4.0
    Unemployed, looking for work 284 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 552 11.2
    Professionals 961 19.5
    Technicians & trades workers 758 15.4
    Clerical & administrative workers 900 18.3
    Sales 488 9.9
    Others 1262 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 121 6.1
    Infants/Primary 701 35.4
    Secondary 567 28.6
    Technical or Further Educational Institution 174 8.8
    University or other Tertiary Institutions 359 18.1
    Others 61 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7242 84.4
    Semi-detached, row or terrace house, townhouse 1283 15.0
    Flat, unit or apartment 43 0.5
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1317 40.8
    Fully owned 967 29.9
    Rented 921 28.5
    Other tenure type 24 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals