Suburb Profile Report for Springwood QLD (4127)

Springwood House: Median price $602,000, Annual capital growth 4.05%, Number of sales 165, Weekly median advertised rent $473

Springwood Unit: Median price $255,000, Annual capital growth -0.68%, Number of sales 67, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Mar 2022 as supplied by CoreLogic. Data is reported to the period ending Dec 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

QLD has seen average median house prices change by 13.79% which means that Springwood, 4127 has done well for property investors by showing a capital gain of 15.22% over the last year

A 23.11% growth in median value for property investors in Springwood,4127 puts this suburb at number 455th 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 -6.18% is being offered, which puts this QLD suburb at 347th most discounted overall in Australia.

Springwood, 4127’s gross rental yield is 4.08%

QLD has seen average median house prices change by 9.16% which means that Springwood, 4127 has done well for property investors by showing a capital gain of -4.32% over the last year

Springwood,4127 was ranked 1837 in Australia by increase in median property value over the quarter.

Vendor discounting in Springwood is giving property investors an average Vendor Discount of around -4.52%. This puts suburb at number 108th in QLD when ranking the most discounted suburbs.

Metrics i HOUSE UNIT
$602,000 $255,000
4.70% -1.92%
15.22% -4.32%
4.05% -0.68%
$473 $360
165 67
4.08% 7.34%
30.776 72.1666666666667

Source: Monthly data update for Mar 2022 as supplied by CoreLogic. Data is reported to the period ending Dec 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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