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Springfield
AREA REPORTS

Springfield

Springfield - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4300

house
unit

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 14.33%.

A steady increase in median property prices over a five-year period in the suburb translates to a 19.64% capital gain.

Property investors in SPRINGFIELD enjoyed capital gains of 14.33% 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 $502,500.

Profits due to an upward trend in home prices there averaged 6.55% per annum over a 3-year period.

Home owners selling their properties and realtors in SPRINGFIELD usually have to wait an average of 39.9 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $420 mark, reflecting a 4.35% increase in returns based on the current median price in SPRINGFIELD.

SPRINGFIELD, 4300 places 537th in Australia based on median property value growth during the quarter.

Data report can be found below

Springfield
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $502,500 $285,000
GROWTH REPORT
Median Quarterly 3.61% 1.79%
Median 12 month 14.33% N/A
Median 3 years 19.64% -32.13%
Median 5 years 22.56% N/A
10 years average annual 3.37% -14.05%
Weekly media advert. rent $420 $415
Time on Market 39.9 days 73.0 days
Gross Rental Yield Percent 4.35% 7.57%
demographics (median values)*
Total Population
5730
Weekly Household Income
1246
Household Size
3.20
Age
26
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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