Suburb Profile Report for Springwood QLD (4127)

Springwood House: Median price $547,500, Annual capital growth 2.93%, Number of sales 124, Weekly median advertised rent $440

Springwood Unit: Median price $260,000, Annual capital growth -0.48%, Number of sales 69, Weekly median advertised rent $348

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Jun 2021 as supplied by CoreLogic. Data is reported to the period ending Mar 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

Springwood is an average performer in QLD when comparing median price capital growth over the last year. Springwood gave property investors a average capital gain figure when compared to the rest of the state, with 6.73%.

A 15.26% growth in median value for property investors in Springwood,4127 puts this suburb at number 366th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Springwood should be aiming for at least -4.97% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 10.33 sales per month, which equates to 124 per year.

With the median price for a house in Springwood being $547500 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.18%

Springwood has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.62% to date .

A -2.99% growth in median value for property investors in Springwood,4127 puts this suburb at number 314th in terms of best performing suburbs in QLD

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Springwood, 4127. Typically our figures indicate that -5.08% is being offered, which puts this QLD suburb at 304th most discounted overall in Australia.

Advertised rents are around the $347.5 mark per week – giving a return of 6.95% based on the median price in Suburb

Metrics i HOUSE UNIT
$547,500 $260,000
3.60% -1.89%
6.73% -2.62%
2.93% -0.48%
$440 $348
124 69
4.18% 6.95%
41.5444444444444 89.2173913043478

Source: Monthly data update for Jun 2021 as supplied by CoreLogic. Data is reported to the period ending Mar 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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