Springwood is a mid-sized suburb in Queensland within the Logan local government area (postcode 4127). With a population of 9,710, the suburb has an established demographic with a median age of 40. Households earn a median income of $90K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Springwood is $895,000, having surged 16.2% over the past year. Units have a median price of $451,000 (+20.3% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,733.
Springwood is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 1 rail station, 43 bus stops. The crime rate in the Logan LGA is moderate at 7,825 incidents per 100,000 population.
From an investment perspective, Springwood offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($895K/$1.1M). The price-to-income ratio of 9.9x is considered moderate. House prices have moved +16.2% year-on-year.
Springwood is a mid-sized suburb in Queensland within the Logan local government area (postcode 4127). With a population of 9,710, the suburb has an established demographic with a median age of 40. Households earn a median income of $90K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Springwood is $895,000, having surged 16.2% over the past year. Units have a median price of $451,000 (+20.3% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,733.
Springwood is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 1 rail station, 43 bus stops. The crime rate in the Logan LGA is moderate at 7,825 incidents per 100,000 population.
From an investment perspective, Springwood offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($895K/$1.1M). The price-to-income ratio of 9.9x is considered moderate. House prices have moved +16.2% year-on-year.