Spring Hill (postcode 4000) is a medium-sized suburb in Queensland within the Brisbane local government area. It is home to about 6,593 residents, with a blend of families and working-age professionals and a median age of 32. Households earn a median income of $98K per year, with an average household size of 2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 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, labourers, community & personal service. Employment in the area leans toward professional services and accommodation & food. The top ancestries reported are English, Australian, Irish.
Median house prices in Spring Hill stand at $1.6 million, having risen steeply by 13.2% over the last twelve months. Units have a median price of $476,000 (+9.4% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 1.9%. 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 6,340 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.9%, which reads 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. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.