Suburb Profile Report for Springfield Lakes QLD (4300)

Springfield Lakes House: Median price $437,050, Annual capital growth 2.17%, Number of sales 373, Weekly median advertised rent $400

Springfield Lakes Unit: Median price $384,000, Annual capital growth 0.28%, Number of sales 14, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

Springfield Lakes has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.84% to date .

A 17.41% growth in median value for property investors in Springfield Lakes,4300 puts this suburb at number 410th in terms of best performing suburbs in QLD

Vendor discounting in Springfield Lakes is giving property investors an average Vendor Discount of around -4.50%. This puts suburb at number 692th in QLD when ranking the most discounted suburbs.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.76%, without taking into account capital value appreciation, which has been averaging out at 2.17%.

Property value increases in Springfield Lakes have tracked close to the QLD average of 0.29% over the last 12 months.

Springfield Lakes is 259th on a list of best yielding suburbs for rents in QLD with a 4.81% return

Metrics i HOUSE UNIT
$437,050 $384,000
0.47% -1.29%
2.84% -0.75%
2.17% 0.28%
$400 $355
373 14
4.76% 4.81%
55.69 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (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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