Suburb Profile Report for Springfield Lakes QLD (4300)

Springfield Lakes House: Median price $425,000, Annual capital growth 3.38%, Number of sales 342, Weekly median advertised rent $400

Springfield Lakes Unit: Median price $386,400, Annual capital growth 3.43%, Number of sales 16, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Springfield Lakes has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.46%

Taking the average capital gain, or increase in median house value, Springfield Lakes,4300 has racked up an average of 2.46% over the period. This ranks it number 2269th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Springfield Lakes are currently offering property investors an average price cut of -4.49% below the asking price at the moment.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

Over the last year, property investments in Springfield Lakes, 4300 have given investors a capital gain of 0.65%. This compares averagely with the 0.77% for QLD as a whole.

If we look at median property appreciation over just the last three months, Springfield Lakes has given property investors a paper return of 0.13%. This puts Suburb as 163 on a list of fastest fasting appreciating suburbs in QLD

Springfield Lakes is 227th on a list of best yielding suburbs for rents in QLD with a 5.11% return

HOUSE UNIT
$425,000 $386,400
1.19% 0.13%
2.46% 0.65%
3.38% 3.43%
$400 $380
342 16
4.89% 5.11%
63.66 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 10148
Median household income ($/weekly) 1770
Median age of persons 28
Median housing loan repayment ($/monthly) 2300
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 1208 11.9
    5-14 years 1698 16.7
    25-34 years 2369 23.3
    35-44 years 1754 17.3
    45-54 years 924 9.1
    Others 2196 21.6
    Age Group
    Census Count Percent(%)
    Registered Married 3555 52.0
    Not Married 2112 30.9
    Defacto Relationship 1174 17.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6467 65.7
    Indonesia 172 1.7
    Papua New Guinea 945 9.6
    United Kingdom 696 7.1
    Other 544 5.5
    Others 1024 10.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 300 3.2
    Christianity 6068 64.4
    Hinduism 253 2.7
    Islam 115 1.2
    No Religion 2575 27.3
    Others 106 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 279 9.1
    $1,250-$1,499 328 10.7
    $1,500-$1,999 604 19.6
    $2,000-$2,499 526 17.1
    $2,500-$2,999 368 12.0
    Others 971 31.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4009 56.9
    Not in the labour force 1319 18.7
    Employed, worked part-time 1114 15.8
    Employed, away from work 330 4.7
    Unemployed, looking for work 271 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 661 12.1
    Professionals 1108 20.3
    Technicians & trades workers 778 14.3
    Community & personal service workers 563 10.3
    Clerical & administrative workers 990 18.1
    Others 1358 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 212 7.9
    Infants/Primary 1171 43.7
    Secondary 611 22.8
    Technical or Further Educational Institution 233 8.7
    University or other Tertiary Institutions 385 14.4
    Others 68 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9532 97.2
    Semi-detached, row or terrace house, townhouse 274 2.8
    House or flat attached to a shop, office 3 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1548 46.6
    Rented 1525 45.9
    Fully owned 242 7.3
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
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