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Springfield

POSTAL CODE: QLD, 4300
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Homeowners and real estate investors betting on SPRINGFIELD, 4300 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 11.38%.

A steady increase in median property prices over a five-year period in the suburb translates to a 31.77% capital gain.

Property investors in SPRINGFIELD enjoyed capital gains of 11.38% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $856,500.

Profits due to an upward trend in home prices there averaged 10.59% per annum over a 3-year period.

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

Average weekly rents on listings have reached the $650 mark, reflecting a 3.95% increase in returns based on the current median price in SPRINGFIELD.

SPRINGFIELD, 4300 places 444th in Australia based on median property value growth during the quarter.

Surburb overview

Springfield is a master-planned suburb in the City of Ipswich, approximately 25 kilometres south-west of Brisbane CBD. It is part of the Greater Springfield development, Australia's largest master-planned city.

According to the 2021 Census, Springfield had a population of 7,322 people. The median age was 32 years, younger than the national median of 38. The suburb is culturally diverse, with 39.6% of residents having at least one parent born outside of Australia. Languages spoken at home, in addition to English, include Samoan, Vietnamese, Spanish, Hindi, and Mandarin.

Public transport in Springfield includes the Springfield railway station, providing services to Brisbane and Ipswich via the Springfield line. Bus route 527 connects Springfield to Goodna shopping centre and Goodna station. In 2024, authorities announced a new direct bus route to Ipswich CBD, improving connectivity.  Additionally, a six-month trial of 50-cent flat fares across all TransLink network zones commenced in August 2024, enhancing affordability.

Essential services in Springfield include the Springfield Fair shopping centre and various medical facilities. Educational institutions in Springfield include Springfield Central State High School, an Independent Public School for Years 7 to 12, as well as other primary and secondary schools.

Recreational amenities at Robelle Domain feature over 11 kilometres of boardwalks, walking and cycling tracks, sports fields, and playgrounds.  Grande Park provides a performance stage, tennis courts, basketball and netball courts, cycling tracks, and a well-equipped playground.

Springfield's strategic location, transport links, and community facilities contribute to its appeal as a suburban locality within the Ipswich region.

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