Suburb Profile Report for Springfield Lakes QLD (4300)

Springfield Lakes House: Median price $501,500, Annual capital growth 8.20%, Number of sales 582, Weekly median advertised rent $320

Springfield Lakes Unit: Median price $356,000, Annual capital growth 6.00%, Number of sales 17, Weekly median advertised rent $390

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

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

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$501,500 $356,000
3.31% 3.31%
10.62% 10.67%
8.20% 6.00%
$320 $390
582 17
4.44% 3.17%
22.4615384615385 39.2466666666667

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10148
Median household income ($/weekly) 1770
Median age of persons 28
Median housing loan repayment ($/monthly) 2300
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 1208 11.9
    5-14 years 1698 16.7
    25-34 years 2369 23.3
    35-44 years 1754 17.3
    45-54 years 924 9.1
    Others 2196 21.6
    Age Group
    Census Count Percent(%)
    Registered Married 3555 52.0
    Not Married 2112 30.9
    Defacto Relationship 1174 17.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6467 65.7
    Indonesia 172 1.7
    Papua New Guinea 945 9.6
    United Kingdom 696 7.1
    Other 544 5.5
    Others 1024 10.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 300 3.2
    Christianity 6068 64.4
    Hinduism 253 2.7
    Islam 115 1.2
    No Religion 2575 27.3
    Others 106 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 279 9.1
    $1,250-$1,499 328 10.7
    $1,500-$1,999 604 19.6
    $2,000-$2,499 526 17.1
    $2,500-$2,999 368 12.0
    Others 971 31.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4009 56.9
    Not in the labour force 1319 18.7
    Employed, worked part-time 1114 15.8
    Employed, away from work 330 4.7
    Unemployed, looking for work 271 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 661 12.1
    Professionals 1108 20.3
    Technicians & trades workers 778 14.3
    Community & personal service workers 563 10.3
    Clerical & administrative workers 990 18.1
    Others 1358 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 212 7.9
    Infants/Primary 1171 43.7
    Secondary 611 22.8
    Technical or Further Educational Institution 233 8.7
    University or other Tertiary Institutions 385 14.4
    Others 68 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9532 97.2
    Semi-detached, row or terrace house, townhouse 274 2.8
    House or flat attached to a shop, office 3 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1548 46.6
    Rented 1525 45.9
    Fully owned 242 7.3
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
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