Located in New South Wales within the Camden local government area, Spring Farm is a moderately sized suburb (postcode 2570). With a population of 9,868, the suburb has a predominantly early-career demographic with a median age of 30. Households earn a median income of $125K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
The median house price in Spring Farm is $1.1 million, having risen by 2.3% over the past year. Units have a median price of $900,000 (+6.2% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,500.
Spring Farm is served by 1 school, including 1 primary. The average ICSEA score is 1009, which is around the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Camden LGA is low at 1,786 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.5% (moderate yield). Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 8.8x is considered moderate. House prices have moved +2.3% year-on-year. Population growth of +3.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.