With a capital gain of -2.88% for the last 12 months, Springwood, 4127 has performed for property investments than its average annual 1.96% property growth over the last 5 years.
Springwood,4127 was ranked 3677 in Australia by increase in median property value over the quarter.
Property buyers and investors in Springwood 4127 should be seeing an average reduction in asking price of around -5.83% . This means that Springwood is holding prices well when compared to other suburbs in QLD.
In the last year 114 properties changed hands in Springwood, which puts it as the 176th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $440 mark per week – giving a return of 4.53% based on the median price in Suburb
At number 421th in the list of Australian suburbs ordered by increase in median house value over the last year, Springwood, 4127 is in the top 30% with a property value increase of 5.90% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Springwood comes in at number 162th in QLD.
Vendor discounting in Springwood is giving property investors an average Vendor Discount of around -5.18%. This puts suburb at number 153th in QLD when ranking the most discounted suburbs.
Property investors should expect to get $350 weekly from the median priced house in this suburb.