QLD/
Springwood
string(10) "springwood"

Suburb Profile

Springwood - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4127

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A steady increase in median property prices over a five-year period in the suburb translates to a 18.39% capital gain.

It 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 $515,000

The augmented property values in the suburb are trailing above the territorial average of 2.8% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $427.5.

Home owners selling their properties and realtors in SPRINGWOOD usually have to wait an average of 43.3 days days before their assets are lifted off the market.

The QLD suburb ranks 485th on the list of best yielding suburbs for rental properties in QLD, posting a 4.32% return.

It also places places th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $515,000 $280,000
GROWTH REPORT
Median Quarterly 0% -1.06%
Median 12 month 5.1% -1.06%
Median 3 years 18.39% 4.67%
Median 5 years 28.75% 12%
10 years average annual 3.22% 1.69%
Weekly media advert. rent $427.5 $330
Time on Market 43.3 days 60.7 days
Gross Rental Yield Percent 4.32% 6.13%
demographics (median values)
Total Population
8949
Weekly Household Income
1173
Household Size
2.70
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Springwood, QLD
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