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Springfield Lakes
AREA REPORTS

Springfield Lakes

Springfield Lakes - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4300

house
unit

Based on its average 5-year and quarterly capital gains SPRINGFIELD LAKES, 4300 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that SPRINGFIELD LAKES, 4300 obtained a 1.67% growth over a ten-year period. It ranks 3905th on our list of suburbs that property investors should look into.

SPRINGFIELD LAKES, 4300 in QLD belongs to the local government area of Ipswich (C).

SPRINGFIELD LAKES, 4300 has a capital gain of 8.24% for the past year, which is higher than average compared to its 8.62% growth within a five-year period.

With the median home price in SPRINGFIELD LAKES sitting at $460,000, and the average rent at $420, property owners could potentially earn a 4.75% increase in gross rental yield.

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

Data report can be found below

Springfield Lakes
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $460,000 $365,000
GROWTH REPORT
Median Quarterly 2.22% N/A
Median 12 month 8.24% N/A
Median 3 years 5.75% N/A
Median 5 years 8.62% -5.42%
10 years average annual 1.67% 1.05%
Weekly media advert. rent $420 $400
Time on Market 44.8 days 0.0 days
Gross Rental Yield Percent 4.75% 5.7%
demographics (median values)*
Total Population
4850
Weekly Household Income
1304
Household Size
3.00
Age
28
Monthly Loan Repayment
1700
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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