Springwood has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 1.15% to date .
If we look at median property appreciation over just the last three months, Springwood has given property investors a paper return of 1.45%. This puts Suburb as 483 on a list of fastest fasting appreciating suburbs in QLD
The most recent median price for Springwood is $526000, with sellers offering an average of -4.67% off the asking price.
Often selling an investment property can take time, and in Springwood the average time real estate has been on the market is 51.2597 days.
Renters in Suburb are facing rents around $22360 per annum or $430 every week.
Investment property in Springwood has done pretty 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 -0.37%
Springwood,4127 was ranked 903 in Australia by increase in median property value over the quarter.
At number 107th of QLD’s most discounted properties, Springwood is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.
Property investors should expect to get $350 weekly from the median priced house in this suburb.