Spring Hill is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4000). With a population of 6,593, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $98K per year, with an average household size of 2 people. The most common occupations are professionals, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Spring Hill is $1.6 million, having surged 13.2% over the past year. Units have a median price of $476,000 (+9.4% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,700.
Spring Hill is served by 3 schools, including 1 primary, 2 secondary. The average ICSEA score is 1100, which is well above the national average of 1,000. Public transport access includes 4 ferry wharfves, 37 bus stops. Healthcare facilities include 5 private hospitals. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Spring Hill offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.6M/$1.1M), placing it in the premium segment. The price-to-income ratio of 16.3x is considered stretched. House prices have moved +13.2% year-on-year.
Spring Hill is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4000). With a population of 6,593, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $98K per year, with an average household size of 2 people. The most common occupations are professionals, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Spring Hill is $1.6 million, having surged 13.2% over the past year. Units have a median price of $476,000 (+9.4% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,700.
Spring Hill is served by 3 schools, including 1 primary, 2 secondary. The average ICSEA score is 1100, which is well above the national average of 1,000. Public transport access includes 4 ferry wharfves, 37 bus stops. Healthcare facilities include 5 private hospitals. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Spring Hill offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.6M/$1.1M), placing it in the premium segment. The price-to-income ratio of 16.3x is considered stretched. House prices have moved +13.2% year-on-year.