Property value increases in Springfield Lakes have tracked just lower than the QLD average of 15.40% over the last 12 months.
The five-year average increase in median property values for Springfield Lakes,4300 has given property investors a potential capital gain of 111.27% across each of those five years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.41% offered to property buyers. Sellers in Springfield Lakes itself are offering an average vendor discount of 0.00% to real estate investors.
On average over the past year, suburb has had 48.50 sales per month, which equates to 582 per year.
Advertised rents are around the $320 mark per week – giving a return of 4.44% based on the median price in Suburb
Investment property in Springfield Lakes has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.67%
While Springfield Lakes,4300 ranked number 326th in QLD for increase in median house value (annualised) increase, it is ranked 173th over the last 5 years.
Sellers are offering property buyers an average discount of -3.39% to buyers in Springfield Lakes at the moment, which is less than average for the rest of QLD.
At number 960 in a list of fastest selling suburbs, Springfield Lakes is just in the top half of suburbs in Australia with an average of days on market 39.2467 for properties listed there.
Property investors should expect to get $390 weekly from the median priced house in this suburb.