Investment property in Springwood has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.48%
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.
Our latest figures would indicate that property sellers in Springwood are currently offering property investors an average price cut of -5.38% below the asking price at the moment.
Residents and property investors in Springwood have been waiting around 58.4466 days to sell a property.
Springwood is 481th on a list of best yielding suburbs for rents in QLD with a 4.50% return
Springwood has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -10.58% to date .
The five-year average increase in median property values for Springwood,4127 has given property investors a potential capital gain of 4.00% across each of those five years.
Springwood4127 is located in QLD which offers an average discount of -6.17% to property investors. Springwood itself is showing figures that indicate -4.79% is the average achievable by property buyers investing in the suburb.
In the last year 35 properties changed hands in Springwood, which puts it as the 163th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $335 mark per week – giving a return of 6.70% based on the median price in Suburb