Suburb Profile Report for Springwood QLD (4127)

Springwood House: Median price $577,500, Annual capital growth 3.36%, Number of sales 152, Weekly median advertised rent $450

Springwood Unit: Median price $257,500, Annual capital growth -0.29%, Number of sales 70, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

If you compare the increase in value of investment property in Springwood, 4127 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 11.06%.

Springwood,4127 was ranked 1602 in Australia by increase in median property value over the quarter.

Vendor discounting in Springwood is giving property investors an average Vendor Discount of around -4.83%. This puts suburb at number 318th in QLD when ranking the most discounted suburbs.

On average over the past year, suburb has had 12.67 sales per month, which equates to 152 per year.

Springwood, 4127’s gross rental yield is 4.05%

Property investors who have had real estate in Springwood, 4127 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.34%

Springwood,4127 has offered an average of -1.34% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Springwood is offering property investors an average of -4.64. This rate of discount on properties puts Suburb at number 101th in terms of most discounted suburbs in QLD

Residents and property investors in Springwood have been waiting around 81.9091 days to sell a property.

Springwood, 4127’s gross rental yield is 7.07%

Metrics i HOUSE UNIT
$577,500 $257,500
5.48% -0.96%
11.06% -1.34%
3.36% -0.29%
$450 $350
152 70
4.05% 7.07%
30.2792792792793 81.9090909090909

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 8990
Median household income ($/weekly) 1445
Median age of persons 37
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1065 11.8
    25-34 years 1289 14.3
    35-44 years 1311 14.6
    45-54 years 1205 13.4
    55-64 years 1309 14.6
    Others 2812 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 3401 49.9
    Not Married 2761 40.5
    Defacto Relationship 654 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6002 69.3
    Papua New Guinea 788 9.1
    South Africa 101 1.2
    United Kingdom 532 6.1
    Other 405 4.7
    Others 829 9.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 148 1.8
    Christianity 6008 72.2
    Hinduism 85 1.0
    Islam 90 1.1
    No Religion 1926 23.1
    Others 66 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 300 10.1
    $1,250-$1,499 283 9.5
    $1,500-$1,999 459 15.4
    $2,000-$2,499 359 12.1
    $2,500-$2,999 299 10.1
    Others 1272 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3306 46.5
    Not in the labour force 1905 26.8
    Employed, worked part-time 1331 18.7
    Employed, away from work 287 4.0
    Unemployed, looking for work 284 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 552 11.2
    Professionals 961 19.5
    Technicians & trades workers 758 15.4
    Clerical & administrative workers 900 18.3
    Sales 488 9.9
    Others 1262 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 121 6.1
    Infants/Primary 701 35.4
    Secondary 567 28.6
    Technical or Further Educational Institution 174 8.8
    University or other Tertiary Institutions 359 18.1
    Others 61 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7242 84.4
    Semi-detached, row or terrace house, townhouse 1283 15.0
    Flat, unit or apartment 43 0.5
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1317 40.8
    Fully owned 967 29.9
    Rented 921 28.5
    Other tenure type 24 0.7
    Tenure Type
Census 2011, ABS
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