Springwood

POSTAL CODE: QLD, 4127

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 31.82% 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 $1,015,000

The augmented property values in the suburb are trailing behind the territorial average of 12.37% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $700.

Home owners selling their properties and realtors in SPRINGWOOD usually have to wait an average of 26.9 days days before their assets are lifted off the market.

The QLD suburb ranks 459th on the list of best yielding suburbs for rental properties in QLD, posting a 3.59% return.

It also places places 568th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 14.23% over the last 12 months in SPRINGWOOD, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that SPRINGWOOD, 4127 obtained a 9.71% growth over a ten-year period. It ranks 33rd on our list of suburbs that property investors should look into.

SPRINGWOOD, 4127 has a capital gain of 14.23% for the past year, which is lower than average compared to its 141.38% growth within a five-year period.

With the median home price in SPRINGWOOD sitting at $630,000, and the average rent at $520, property owners could potentially earn a 4.29% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in SPRINGWOOD are low, as opposed to average gains per annum over the past five years.

SPRINGWOOD, 4127 in QLD belongs to the local government area of Logan.

Surburb overview

Springwood is a suburb in Logan, located approximately 21.8 kilometres southeast of Brisbane's central business district.

According to the 2021 census, Springwood had 9,710 residents, with a median age of 40. The suburb has experienced modest population growth, increasing from 9,148 in 2016. Households in Springwood are primarily composed of couples with children.

Springwood covers an area of approximately 6 square kilometres and features 17 parks, accounting for nearly 9% of the total area. The suburb combines residential areas and commercial activity, particularly along the Pacific Motorway.

Springwood hosts several educational institutions. Springwood Central State School is a government primary school catering to Early Childhood through Year 6 students. Chatswood Hills State School is a government primary school for Prep to Year 6 students. Calvary Christian College is a private primary school offering education from Prep to Year 6. Springwood State High School is a government secondary school serving students from Year 7 to Year 12.

Springwood is a significant activity centre in the region, featuring a central bus station, shopping malls, hotels, and various places of worship. Commercial activity is in the town centre along the Pacific Motorway, with additional development in the southeastern area known as Chatswood Hills.

The property market in Springwood has shown growth. Based on recent sales, the median house price is currently $772,500. Rental properties have a median weekly rent of $610, indicating a strong demand for housing in the area.

Springwood offers a blend of suburban living with access to essential services and amenities, making it an appealing location for families and individuals seeking proximity to Brisbane. The suburb's green spaces and parks provide recreational opportunities for residents.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,015,000	$630,000
Growth Report
Median Quarterly	2.63%	3.79%
Median 12 month	7.98%	14.23%
Median 3 years	31.82%	80%
Median 5 years	91.51%	141.38%
10 years average annual	8.3%	9.71%
Weekly media advert. rent	$700	$520
Time on Market	26.9 days	21.9 days
Gross Rental Yield Percent	3.59%	4.29%

Demographics (Median Values)*

Total Population 8949

Weekly Household Income 1173

Household Size 2.70

Average Age 36

Monthly Loan Repayment 1200

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

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