Suburb Profile Report for Springfield QLD (4300)

Springfield House: Median price $430,000, Annual capital growth 3.28%, Number of sales 117, Weekly median advertised rent $385

Springfield Unit: Median price $392,900, Annual capital growth 18.11%, Number of sales 66, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Springfield, 4300 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 5.13%.

Comparing Springfield,4300 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Springfield are currently offering property investors an average price cut of -3.79% below the asking price at the moment.

The QLD suburb of Springfield, 4300 is in the Ipswich local government area.

Property value increases in Springfield have tracked higher than the QLD average of 0.29% over the last 12 months.

If we look at median property appreciation over just the last three months, Springfield has given property investors a paper return of 0.13%. This puts Suburb as 156 on a list of fastest fasting appreciating suburbs in QLD

On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.

Renters in Suburb are facing rents around $4380 per annum or $365 every week.

Metrics i HOUSE UNIT
$430,000 $392,900
1.18% 0.13%
5.13% 33.19%
3.28% 18.11%
$385 $365
117 66
4.66% 4.83%
58.32 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 6618
Median household income ($/weekly) 1675
Median age of persons 28
Median housing loan repayment ($/monthly) 2000
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 704 10.6
    5-14 years 1243 18.8
    25-34 years 1141 17.2
    35-44 years 1143 17.3
    45-54 years 768 11.6
    Others 1618 24.5
    Age Group
    Census Count Percent(%)
    Registered Married 2204 49.8
    Not Married 1612 36.4
    Defacto Relationship 610 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4484 70.1
    Indonesia 84 1.3
    Papua New Guinea 660 10.3
    United Kingdom 345 5.4
    Other 352 5.5
    Others 471 7.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 162 2.7
    Christianity 4097 67.2
    Hinduism 103 1.7
    Other Religious Groups 65 1.1
    No Religion 1626 26.7
    Others 44 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 205 11.3
    $1,250-$1,499 190 10.5
    $1,500-$1,999 355 19.6
    $2,000-$2,499 318 17.6
    $2,500-$2,999 174 9.6
    Others 569 31.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2401 53.2
    Not in the labour force 969 21.5
    Employed, worked part-time 773 17.1
    Unemployed, looking for work 186 4.1
    Employed, away from work 182 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 480 14.3
    Technicians & trades workers 531 15.8
    Community & personal service workers 363 10.8
    Clerical & administrative workers 563 16.8
    Machinery operators & drivers 356 10.6
    Others 1061 31.6
    Occupation
    Census Count Percent(%)
    Pre-school 116 6.1
    Infants/Primary 817 43.3
    Secondary 536 28.4
    Technical or Further Educational Institution 140 7.4
    University or other Tertiary Institutions 236 12.5
    Others 44 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6072 94.4
    Semi-detached, row or terrace house, townhouse 362 5.6
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1017 51.3
    Rented 767 38.7
    Fully owned 195 9.8
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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