Springfield is an average performer in QLD when comparing median price capital growth over the last year. Springfield gave property investors a good capital gain figure when compared to the rest of the state, with 4.62%.
Taking the average capital gain, or increase in median house value, Springfield,4300 has racked up an average of 4.62% over the period. This ranks it number 2662th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Springfield is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 639th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 9.75 sales per month, which equates to 117 per year.
Advertised rents are around the $380 mark per week – giving a return of 4.84% based on the median price in Suburb
With the median price for a house in Springfield being $295000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 6.17%