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Spring Farm
AREA REPORTS

Spring Farm

Spring Farm - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2570

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $702,500.

The downward trend in home prices in SPRING FARM, 2570 averaged -0.21% per annum over a 3-year period.

Average weekly rents on listings have reached the $515 mark, reflecting a 3.81% increase in returns based on the current median price in SPRING FARM.

An average of 24.25 real estate transactions take place per month in SPRING FARM which translates to 291 per annum.

291 properties were sold in SPRING FARM in 2016, making it the 699th most active market in NSW based on total real estate transactions.

SPRING FARM, 2570 places 1035th in Australia based on median property value growth during the quarter.

Data report can be found below

Spring Farm
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $702,500 N/A
GROWTH REPORT
Median Quarterly 1.08% N/A
Median 12 month 3.31% N/A
Median 3 years -0.64% N/A
Median 5 years 11.05% N/A
10 years average annual 5.36% N/A
Weekly media advert. rent $515 N/A
Time on Market 49.5 days N/A
Gross Rental Yield Percent 3.81% N/A
demographics (median values)*
Total Population
40104
Weekly Household Income
2009
Household Size
3.00
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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