Property investors who have had real estate in Springwood, 4127 should be relatively 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 -1.81%
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.
Sellers are offering property buyers an average discount of -5.94% 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 7.67 sales per month, which equates to 92 per year.
The QLD suburb of Springwood, 4127 is in the Logan (C) local government area.
Over the last year, property investments in Springwood, 4127 have given investors a capital gain of -1.48%. This compares averagely with the -0.54% for QLD as a whole.
Springwood,4127 was ranked 1095 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -2.26% to buyers in Springwood at the moment, which is less than average for the rest of QLD.
In the last year 38 properties changed hands in Springwood, which puts it as the 148th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of -0.65%, investors should hope to achieve an overall return of 6.65%