Located in New South Wales within the Blue Mountains local government area, Springwood is a mid-sized suburb (postcode 2777). With a population of 8,423, the suburb has a settled, mature resident base with a median age of 48. Households earn a median income of $92K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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, managers, technicians & trades. Employment in the area leans toward education and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Springwood is $1.0 million, having declined by 4.1% over the past year. Units have a median price of $788,000 (+16.2% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $2,143.
Springwood is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1064, which is above the national average of 1,000. Public transport access includes 2 rail stations, 93 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Blue Mountains LGA is low at 1,840 incidents per 100,000 population.
From an investment perspective, Springwood shows a gross rental yield of approximately 3.9%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 11.1x is considered stretched. House prices have moved -4.1% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.