Springfield Lakes (postcode 4300) is a settled mid-to-large suburb in Queensland within the Ipswich local government area. It is home to about 17,211 residents, with a young professional demographic and a median age of 31. Households earn a median income of $114K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% 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, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Scottish.
Springfield Lakes has a median house price of $750,000, which has climbed sharply by 13.6% year-on-year. Units have a median price of $540,000 (+19.9% YoY). The current median weekly rent is $660. This gives a gross rental yield of approximately 4.6%. 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 6,631 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.6%, which reads as moderate yield. Property prices sit below the state median ($750K/$1.1M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +13.6% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.