Springfield Lakes is a well-established suburb in Queensland within the Ipswich local government area (postcode 4300). With a population of 17,211, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $114K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Springfield Lakes is $750,000, having surged 13.6% over the past year. Units have a median price of $540,000 (+19.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,800.
Springfield Lakes is served by 2 schools, including 2 primary. The average ICSEA score is 1046, which is around the national average of 1,000. Public transport access includes 34 bus stops. The crime rate in the Ipswich LGA is moderate at 6,690 incidents per 100,000 population.
From an investment perspective, Springfield Lakes offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($750K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +13.6% year-on-year.
Springfield Lakes is a well-established suburb in Queensland within the Ipswich local government area (postcode 4300). With a population of 17,211, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $114K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Springfield Lakes is $750,000, having surged 13.6% over the past year. Units have a median price of $540,000 (+19.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,800.
Springfield Lakes is served by 2 schools, including 2 primary. The average ICSEA score is 1046, which is around the national average of 1,000. Public transport access includes 34 bus stops. The crime rate in the Ipswich LGA is moderate at 6,690 incidents per 100,000 population.
From an investment perspective, Springfield Lakes offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($750K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +13.6% year-on-year.