Springwood, NSW 2777: Suburb Profile & Property Report

Market Report

House report
Unit Report

Springwood has 106 houses available for sale. The median property price for a house is currently $952,500 with annual capital growth of 5.72% . There were 122 house sales in the past 12 months. On average, houses spend 21 days on market.

If you're thinking about buying an investment property in Springwood, consider that rental yields for houses are currently 3.65% with an average median rent of $600 weekly. Houses have seen 1.33% growth in the past quarter, and 5.72% growth in the past 12 months.

The size of Springwood is approximately 19.4 square kilometres. It has 41 parks covering nearly 24.6% of total area. The population of Springwood in 2011 was 8,436 people. By 2016 the population was 8,484 showing a population growth of 0.6% in the area during that time. The predominant age group in Springwood is 40-49 years.

Households in Springwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springwood work in a professional occupation. In 2011, 75.8% of the homes in Springwood were owner-occupied compared with 76.6% in 2016.

Springwood has 19 units available for sale. The median property price for a unit is currently $680,000 with annual capital growth of 3.03% . There were 28 unit sales in the past 12 months. On average, units spend 37 days on market.

If you're thinking about buying an investment property in Springwood, consider that rental yields for units are currently 3.98% with an average median rent of $445 weekly. Units have seen -1.45% growth in the past quarter, and 3.03% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$952,500	$680,000
Quarterly growth	+1.33%	-1.45%
12-month growth	+5.72%	+3.03%
Average annual growth	+6.97%	+7.21%
Weekly median rent	$600	$445
Gross rental yield	3.65%	3.98%
Number of Sales (12m)	122	28
Avg. Days on Market (12m)	21	37

Jump to Market Trends

Key Demographics	2011	2016
Total population	8,436	8,484
Population change (5y)	+2.77%	+0.60%
Median household income (p/w)	$1,353	$1,544
Household income change (5y)	+15.74%	+14.12%
Median age of persons	43	45

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Springwood is $952,500 for houses and $680,000 for units.

The Median Growth in Springwood over the past 12 months is 5.72% for houses and 3.03% for units.

Over the past 12 months there were 122 houses sold and 28 units sold in Springwood. On average, houses spent 21 days on market and units spent 37 days on market.

In the past 12 months up to July 2024 there were 122 houses sold and 28 units sold in Springwood. On average, houses spent 21 days on market and units spent 37 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Springwood is $600 for houses and $445 for units.

The Rental Yield in Springwood is 3.65% for houses and 3.98% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Springwood was 8,484 in 2016, a +0.60% change compared to 2011.

The predominant age group in Springwood is 40-49 years.

The population of Springwood was 8,484 in 2016, a +0.60% change compared to 2011.

The predominant age group in Springwood is 50-59 years.

Most of the population in Springwood were born in Australia.

Most of the population in Springwood report their religion as No Religion.

Most of the population in Springwood report their income range as between $78,000 and $130,000 .

The median household income in Springwood was $1,544 in 2016, a +14.12% change compared to 2011.

Most of the population in Springwood report their income range as between $78,000 and $130,000 .

The median household income in Springwood was $1,353 in 2011, a +15.74% change compared to 2006.

Most of the population in Springwood work as Professional.

The chart below demonstrates the various levels of education in Springwood.

Most of the population in Springwood reached a qualification level of Certificate.

2011 2016

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This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode.

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While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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