A steady increase in median property prices over a five-year period in the suburb translates to a 10.53% capital gain.
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 $420,000.
Profits due to an upward trend in home prices there averaged 3.51% per annum over a 3-year period.
Home owners selling their properties and realtors in SPRINGFIELD usually have to wait an average of 66.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $380 mark, reflecting a 4.7% increase in returns based on the current median price in SPRINGFIELD.
SPRINGFIELD, 4300 places 459th in Australia based on median property value growth during the quarter.
Property investors in SPRINGFIELD enjoyed capital gains of 11.37% over the last 12 months translating to lower returns compared with its peers in the territory.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in SPRINGFIELD.
SPRINGFIELD, 4300 ranks 42nd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
SPRINGFIELD ranks 149th on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
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