Suburb Profile Report for Springwood NSW (2777)

Springwood House: Median price $680,000, Annual capital growth 6.94%, Number of sales 85, Weekly median advertised rent $470

Springwood Unit: Median price $480,000, Annual capital growth 7.16%, Number of sales 17, Weekly median advertised rent $380

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Springwood, 2777 ranked 411th in NSW when comparing growth in median property values or capital gain over the last 12 months. Springwood is one of 3163 in our list for NSW

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.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Springwood itself are offering an average vendor discount of -6.89% to real estate investors.

Using the current median advertised rental of $470 and the average annual increase in value of a median property of 6.94%, investors should hope to achieve an overall return of 3.59%

Investment property in Springwood has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -12.33%

Over the longer term, Springwood has seen property prices show investors a 5.26% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Springwood is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 174th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.16%, investors should hope to achieve an overall return of 4.12%

Metrics i HOUSE UNIT
$680,000 $480,000
1.87% 0.00%
-0.95% -12.33%
6.94% 7.16%
$470 $380
85 17
3.59% 4.12%
71.1904761904762 77.3333333333333

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 8436
Median household income ($/weekly) 1337
Median age of persons 43
Median housing loan repayment ($/monthly) 1950
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1056 12.5
    25-34 years 762 9.0
    35-44 years 1118 13.3
    45-54 years 1168 13.8
    55-64 years 1186 14.1
    Others 3146 37.3
    Age Group
    Census Count Percent(%)
    Registered Married 3200 52.4
    Not Married 2386 39.1
    Defacto Relationship 516 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6824 83.2
    Greece 49 0.6
    Papua New Guinea 124 1.5
    United Kingdom 700 8.5
    Other 162 2.0
    Others 346 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 71 0.9
    Christianity 5567 70.8
    Islam 22 0.3
    Other Religious Groups 51 0.6
    No Religion 2117 26.9
    Others 33 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 292 10.4
    $600-$799 246 8.8
    $1,500-$1,999 366 13.1
    $2,000-$2,499 289 10.3
    $2,500-$2,999 257 9.2
    Others 1349 48.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2480 37.4
    Employed, worked full-time 2415 36.5
    Employed, worked part-time 1324 20.0
    Employed, away from work 227 3.4
    Unemployed, looking for work 178 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 451 11.4
    Professionals 1231 31.0
    Technicians & trades workers 525 13.2
    Community & personal service workers 403 10.2
    Clerical & administrative workers 614 15.5
    Others 745 18.8
    Occupation
    Census Count Percent(%)
    Pre-school 159 7.7
    Infants/Primary 692 33.5
    Secondary 584 28.3
    Technical or Further Educational Institution 213 10.3
    University or other Tertiary Institutions 366 17.7
    Others 53 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7074 91.1
    Semi-detached, row or terrace house, townhouse 578 7.4
    Flat, unit or apartment 107 1.4
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1231 40.1
    Fully owned 1144 37.2
    Rented 557 18.1
    Other tenure type 140 4.6
    Tenure Type
Census 2011, ABS
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