Suburb Profile Report for Spring Hill QLD (4000)

Spring Hill House: Median price $830,000, Annual capital growth 2.36%, Number of sales 25, Weekly median advertised rent $600

Spring Hill Unit: Median price $355,000, Annual capital growth -0.64%, Number of sales 105, Weekly median advertised rent $440

  • 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

With a capital gain of 3.59% for the last 12 months, Spring Hill, 4000 has performed for property investments than its average annual 2.36% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Spring Hill,4000 has racked up an average of 3.59% over the period. This ranks it number 3570th in the whole country for real estate investors looking at median house price increases.

Advertised rents are around the $600 mark per week – giving a return of 3.76% based on the median price in Suburb

With a capital gain of -13.31% for the last 12 months, Spring Hill, 4000 has performed for property investments than its average annual -0.64% property growth over the last 5 years.

The five-year average increase in median property values for Spring Hill,4000 has given property investors a potential capital gain of -8.97% across each of those five years.

Spring Hill, 4000 is offering QLD ‘s 113th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.

On average over the past year, suburb has had 8.75 sales per month, which equates to 105 per year.

Spring Hill, 4000’s gross rental yield is 6.45%

Metrics i HOUSE UNIT
$830,000 $355,000
-2.64% 1.43%
3.59% -13.31%
2.36% -0.64%
$600 $440
25 105
3.76% 6.45%
88.4375 88.0181818181818

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 : Below average (H), Above average (U)
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Demographics
Total population 5258
Median household income ($/weekly) 1613
Median age of persons 30
Median housing loan repayment ($/monthly) 2058
Average household size 2
  • Census Count Percent(%)
    20-24 years 747 14.2
    25-34 years 1884 35.8
    35-44 years 737 14.0
    45-54 years 566 10.8
    55-64 years 397 7.5
    Others 928 17.6
    Age Group
    Census Count Percent(%)
    Not Married 2134 59.0
    Registered Married 899 24.9
    Defacto Relationship 583 16.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2298 51.5
    Indonesia 200 4.5
    Lebanon 209 4.7
    United Kingdom 225 5.0
    Other 615 13.8
    Others 918 20.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 163 3.8
    Christianity 2262 53.1
    Hinduism 194 4.6
    Islam 86 2.0
    No Religion 1500 35.2
    Others 54 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 131 7.3
    $1,250-$1,499 157 8.7
    $1,500-$1,999 259 14.4
    $2,000-$2,499 139 7.7
    $2,500-$2,999 265 14.7
    Others 849 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2047 49.1
    Not in the labour force 1018 24.4
    Employed, worked part-time 731 17.5
    Unemployed, looking for work 239 5.7
    Employed, away from work 132 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 357 12.3
    Professionals 1092 37.5
    Community & personal service workers 269 9.2
    Clerical & administrative workers 374 12.8
    Labourers 256 8.8
    Others 565 19.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 113 9.2
    Secondary 193 15.7
    Technical or Further Educational Institution 193 15.7
    University or other Tertiary Institutions 539 43.9
    Other type of educational institution 160 13.0
    Others 29 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2730 68.2
    Separate house 782 19.5
    Semi-detached, row or terrace house, townhouse 489 12.2
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1346 69.4
    Being purchased 358 18.5
    Fully owned 230 11.9
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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