Springvale is a small community in New South Wales within the Wagga Wagga local government area (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. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Springvale is $1.2 million, having declined 4.2% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 2.4%. 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 5,356 incidents per 100,000 population.
From an investment perspective, Springvale offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 7.2x is considered moderate. House prices have moved -4.2% year-on-year.
Springvale is a small community in New South Wales within the Wagga Wagga local government area (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. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Springvale is $1.2 million, having declined 4.2% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 2.4%. 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 5,356 incidents per 100,000 population.
From an investment perspective, Springvale offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 7.2x is considered moderate. House prices have moved -4.2% year-on-year.