Spring Farm

POSTAL CODE: NSW, 2570

HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,080,000.

The upward trend in home prices in SPRING FARM, 2570 averaged 5.8% per annum over a 3-year period.

Average weekly rents on listings have reached the $730 mark, reflecting a 3.51% increase in returns based on the current median price in SPRING FARM.

An average of 18.17 real estate transactions take place per month in SPRING FARM which translates to 218 per annum.

218 properties were sold in SPRING FARM in 2016, making it the 872nd most active market in NSW based on total real estate transactions.

SPRING FARM, 2570 places 797th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,080,000	N/A
Growth Report
Median Quarterly	1.03%	N/A
Median 12 month	7.73%	N/A
Median 3 years	17.39%	N/A
Median 5 years	55.4%	N/A
10 years average annual	5.98%	N/A
Weekly media advert. rent	$730	N/A
Time on Market	31 days	N/A
Gross Rental Yield Percent	3.51%	N/A

Demographics (Median Values)*

Total Population 40104

Weekly Household Income 2009

Household Size 3.00

Average Age 35

Monthly Loan Repayment 2253

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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