Located in New South Wales within the Wagga Wagga local government area, Springvale is a small locality (postcode 2650). With a population of 1,851, the suburb has an established demographic with a median age of 41. Households earn a median income of $166K per year, with an average household size of 3.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
Springvale has a median house price of $1.3 million, which has increased by 2.4% year-on-year. The current median weekly rent is $540. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,232.
Public transport access includes 10 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,374 incidents per 100,000 population.
From an investment perspective, Springvale shows a gross rental yield of approximately 2.2%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 7.8x is considered moderate. House prices have moved +2.4% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.