Suburb Profile Report for Springfield Lakes QLD (4300)

Springfield Lakes House: Median price $426,000, Annual capital growth 3.39%, Number of sales 336, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report

At number 2348th in the list of Australian suburbs ordered by increase in median house value over the last year, Springfield Lakes, 4300 is in the BOTTOM 50% with a property value increase of 2.65% recorded in median house prices.

While Springfield Lakes,4300 ranked number 418th in QLD for increase in median house value (annualised) increase, it is ranked 358th over the last 5 years.

Springfield Lakes4300 is located in QLD which offers an average discount of -7.31% to property investors. Springfield Lakes itself is showing figures that indicate -4.36% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 28.00 sales per month, which equates to 336 per year.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 3.39%.

HOUSE UNIT
$426,000 N/A
0.24% N/A
2.65% N/A
3.39% N/A
$400 N/A
336 N/A
4.88% N/A
61.45 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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