Suburb Profile Report for Springwood QLD (4127)

Springwood House: Median price $520,000, Annual capital growth 2.49%, Number of sales 115, Weekly median advertised rent $460

Springwood Unit: Median price $260,000, Annual capital growth -0.04%, Number of sales 45, Weekly median advertised rent $340

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Springwood, 4127 ranked 533th in QLD when comparing growth in median property values or capital gain over the last 12 months. Springwood is one of 2415 in our list for QLD

If we look at median property appreciation over just the last three months, Springwood has given property investors a paper return of 0.00%. This puts Suburb as 459 on a list of fastest fasting appreciating suburbs in QLD

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.42% offered to property buyers. Sellers in Springwood itself are offering an average vendor discount of -4.80% to real estate investors.

Advertised rents are around the $460 mark per week – giving a return of 4.60% based on the median price in Suburb

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 -8.93%

If we look at median property appreciation over just the last three months, Springwood has given property investors a paper return of -4.50%. This puts Suburb as 297 on a list of fastest fasting appreciating suburbs in QLD

Property investors looking for a bargain in Springwood should be aiming for at least -1.39% off the asking price, which is the average vendor discount being achieved at the moment.

Springwood is 43th on a list of best yielding suburbs for rents in QLD with a 6.80% return

Metrics i HOUSE UNIT
$520,000 $260,000
0.00% -4.50%
0.97% -8.93%
2.49% -0.04%
$460 $340
115 45
4.60% 6.80%
45.15 50.33

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

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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