Suburb Profile Report for Springfield QLD (4300)

Springfield House: Median price $408,000, Annual capital growth 3.26%, Number of sales 117, Weekly median advertised rent $380

Springfield Unit: Median price $295,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$408,000 $295,000
0.74% N/A
4.62% N/A
3.26% N/A
$380 $350
117 10
4.84% 6.17%
84.85 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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