Suburb Profile Report for Springwood QLD (4127)

Springwood House: Median price $505,000, Annual capital growth 1.96%, Number of sales 114, Weekly median advertised rent $440

Springwood Unit: Median price $275,350, Annual capital growth -0.06%, Number of sales 37, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$505,000 $275,350
-2.88% 2.74%
-2.88% 5.90%
1.96% -0.06%
$440 $350
114 37
4.53% 6.61%
56.6477272727273 106.961538461538

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (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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