Suburb Profile Report for Springdale Heights NSW (2641)

Springdale Heights House: Median price $263,000, Annual capital growth 1.32%, Number of sales 40, Weekly median advertised rent $280

Springdale Heights Unit: Median price $121,250, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $183

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

Springdale Heights has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.59% to date .

Across a shorter period, Springdale Heights, 2641 has seen a median price increase of 5.20% over the last quarter.

Vendor discounting in Springdale Heights is giving property investors an average Vendor Discount of around -6.09%. This puts suburb at number 545th in NSW when ranking the most discounted suburbs.

With the median price for a house in Springdale Heights being $263000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.54%

Property buyers and investors in Springdale Heights 2641 should be seeing an average reduction in asking price of around -10.21% . This means that Springdale Heights is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in Springdale Heights the average time real estate has been on the market is 114.9 days.

Advertised rents are around the $182.5 mark per week – giving a return of 7.83% based on the median price in Suburb

Metrics i HOUSE UNIT
$263,000 $121,250
5.20% N/A
-2.59% N/A
1.32% N/A
$280 $183
40 10
5.54% 7.83%
90.2 114.9

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1892
Median household income ($/weekly) 904
Median age of persons 32
Median housing loan repayment ($/monthly) 1387
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 270 14.3
    25-34 years 272 14.4
    35-44 years 240 12.7
    45-54 years 227 12.0
    55-64 years 229 12.1
    Others 654 34.6
    Age Group
    Census Count Percent(%)
    Not Married 629 47.7
    Registered Married 554 42.0
    Defacto Relationship 137 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1617 91.4
    Papua New Guinea 15 0.8
    Philippines 24 1.4
    United Kingdom 37 2.1
    Other 19 1.1
    Others 57 3.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1262 74.3
    Hinduism 12 0.7
    Islam 8 0.5
    Other Religious Groups 12 0.7
    No Religion 401 23.6
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 87 13.5
    $600-$799 83 12.8
    $800-$999 73 11.3
    $1,000-$1,249 75 11.6
    $1,500-$1,999 79 12.2
    Others 249 38.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 490 36.0
    Not in the labour force 488 35.8
    Employed, worked part-time 262 19.2
    Unemployed, looking for work 70 5.1
    Employed, away from work 53 3.9
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 138 17.1
    Community & personal service workers 95 11.8
    Clerical & administrative workers 98 12.1
    Machinery operators & drivers 109 13.5
    Labourers 129 16.0
    Others 238 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 29 6.6
    Infants/Primary 172 38.9
    Secondary 135 30.5
    Technical or Further Educational Institution 70 15.8
    University or other Tertiary Institutions 28 6.3
    Others 8 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1587 88.9
    Flat, unit or apartment 147 8.2
    Semi-detached, row or terrace house, townhouse 48 2.7
    House or flat attached to a shop, office 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 269 38.8
    Rented 265 38.2
    Fully owned 157 22.6
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals