Springton

POSTAL CODE: SA, 5235

HOUSE

SPRINGTON, 5235 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 $655,000.

Profits due to an upward trend in home prices in the suburb averaged 0% per annum over a 3-year period.

SPRINGTON now ranks at the 278th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SPRINGTON, homes and units usually stay on listing for an average of 46.4 days.

In 2016, 18 properties were sold in SPRINGTON during the past year, making it the 358th most active market in SA based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$655,000	N/A
Growth Report
Median Quarterly	1.95%	N/A
Median 12 month	-2.31%	N/A
Median 3 years	0%	N/A
Median 5 years	65.82%	N/A
10 years average annual	7.47%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	46.4 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 2475

Weekly Household Income 1123

Household Size 2.30

Average Age 48

Monthly Loan Repayment 1300

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

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