Giving property investors a an average capital gain of 5.46% for the last year, Springwood, 4127 is the 2200th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Springwood has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Springwood are currently offering property investors an average price cut of -5.54% below the asking price at the moment.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 3.96%.
Investment property in Springwood has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.73%
When looking at the potential capital gains offered to property investors over the last 3 years, Springwood comes in at number 160th in QLD.
Springwood4127 is located in QLD which offers an average discount of -6.08% to property investors. Springwood itself is showing figures that indicate -5.36% is the average achievable by property buyers investing in the suburb.
At number 918 in a list of fastest selling suburbs, Springwood is in the bottom 40% of suburbs in Australia with an average of days on market 85.83 for properties listed there.
Property investors should expect to get $330 weekly from the median priced house in this suburb.