Suburb Profile Report for Springwood QLD (4127)

Springwood House: Median price $515,000, Annual capital growth 2.65%, Number of sales 127, Weekly median advertised rent $450

Springwood Unit: Median price $265,000, Annual capital growth 0.09%, Number of sales 36, Weekly median advertised rent $333

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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QLD has seen average median house prices change by 1.35% which means that Springwood, 4127 has done well for property investors by showing a capital gain of -2.14% over the last year

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.

Springwood4127 is located in QLD which offers an average discount of -6.95% to property investors. Springwood itself is showing figures that indicate -5.46% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Springwood being $515000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.54%

QLD has seen average median house prices change by -0.01% which means that Springwood, 4127 has done well for property investors by showing a capital gain of -8.15% over the last year

Springwood,4127 has offered an average of -8.15% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -5.18% 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 3.00 sales per month, which equates to 36 per year.

With the median price for a house in Springwood being $265000 and the advertised rent reaching $332.5 the gross rental yield for property investors calculates out to be 6.52%

Metrics i HOUSE UNIT
$515,000 $265,000
-0.96% 1.92%
-2.14% -8.15%
2.65% 0.09%
$450 $333
127 36
4.54% 6.52%
61.8055555555556 77.2608695652174

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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