Springwood is a mid-sized suburb in New South Wales within the Blue Mountains local government area (postcode 2777). With a population of 8,423, the suburb has a mature demographic with a median age of 48. Households earn a median income of $92K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Springwood is $1.1 million, having dipped slightly 1.9% over the past year. Units have a median price of $766,000 (+14.3% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.7%. 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 1,829 incidents per 100,000 population.
From an investment perspective, Springwood offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($1.1M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.4x is considered stretched. House prices have moved -1.9% year-on-year.
Springwood is a mid-sized suburb in New South Wales within the Blue Mountains local government area (postcode 2777). With a population of 8,423, the suburb has a mature demographic with a median age of 48. Households earn a median income of $92K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Springwood is $1.1 million, having dipped slightly 1.9% over the past year. Units have a median price of $766,000 (+14.3% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.7%. 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 1,829 incidents per 100,000 population.
From an investment perspective, Springwood offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($1.1M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.4x is considered stretched. House prices have moved -1.9% year-on-year.