Located in Queensland within the Gold Coast local government area, Springbrook is a close-knit residential community (postcode 4213). With a population of 705, the suburb has a mature demographic with a median age of 49. Households earn a median income of $66K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, technicians & trades, labourers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Springbrook sit at $985,000, little changed on a year ago. The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,500.
Springbrook is served by 1 school, including 1 primary. The average ICSEA score is 1086, which is above the national average of 1,000. The crime rate in the Gold Coast LGA is moderate at 5,699 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.8% (low yield). Property prices are near the state median ($985K/$1.1M). The price-to-income ratio of 14.9x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.