Suburb Profile Report for Springwood QLD (4127)

Springwood House: Median price $525,000, Annual capital growth 2.47%, Number of sales 122, Weekly median advertised rent $440

Springwood Unit: Median price $273,500, Annual capital growth 2.18%, Number of sales 52, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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With a capital gain of 2.72% for the last 12 months, Springwood, 4127 has performed for property investments than its average annual 2.47% property growth over the last 5 years.

A 28.83% growth in median value for property investors in Springwood,4127 puts this suburb at number 529th in terms of best performing suburbs in QLD

Sellers are offering property buyers an average discount of -4.79% to buyers in Springwood at the moment, which is less than average for the rest of QLD.

On average over the past year, suburb has had 10.17 sales per month, which equates to 122 per year.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 2.47%, investors should hope to achieve an overall return of 4.36%

QLD has seen average median house prices change by 0.23% which means that Springwood, 4127 has done well for property investors by showing a capital gain of -35.60% over the last year

Springwood,4127 has offered an average of -35.60% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Springwood are currently offering property investors an average price cut of -7.70% below the asking price at the moment.

Residents and property investors in Springwood have been waiting around 84.5 days to sell a property.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 2.18%, investors should hope to achieve an overall return of 6.27%

Metrics i HOUSE UNIT
$525,000 $273,500
-0.24% -7.91%
2.72% -35.60%
2.47% 2.18%
$440 $330
122 52
4.36% 6.27%
49.44 84.5

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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