Springwood has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.18% to date .
A 29.80% growth in median value for property investors in Springwood,2777 puts this suburb at number 471th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Springwood is offering property investors an average of -6.46. This rate of discount on properties puts Suburb at number 390th in terms of most discounted suburbs in NSW
Situated 62.00km from the CBD, Springwood is one of Blue Mountains (C) localities in the postcode 2777.
Giving property investors a an average capital gain of -1.04% for the last year, Springwood, 2777 is the 885th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Springwood has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
With the median price for a house in Springwood being $475000 and the advertised rent reaching $377.5 the gross rental yield for property investors calculates out to be 4.13%